Harris Memorial Library

Analysis

Harris Memorial Library is a registered charity in United States, based in Otego, NY. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 December 2023, Harris Memorial Library reported income of $229k and spending of $78k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $229k (+1130%), an average of +1130% a year. The sharpest change came in the year to December 2023, when income rose by 1130%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harris Memorial Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Onward Roseburg ($229k), Johnson County Library Foundation ($229k) and Dallam-Hartley Counties Historical Association ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Other salaries and wages came to $39k. At year end it held assets of $495k against liabilities of $0, net assets of $495k. It reported 3 employees.