Tupper Lake Public Library

Analysis

Tupper Lake Public Library is a registered charity in United States, based in Tupper Lake, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tupper Lake Public Library reported income of $304k and spending of $519k, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $348k to $304k (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tupper Lake Public Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Young Musicians of Virginia ($304k), A Growing Place of Deforest Inc ($304k) and Edison High School Football Booster Club ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $50k (9.6% of expenses). Other salaries and wages came to $86k. At year end it held assets of $337k against liabilities of $14k, net assets of $323k. It reported 10 employees.