Patterson Library

Analysis

Patterson Library is a registered charity in United States, based in Westfield, NY. It received its IRS tax-exemption ruling in July 1945, 81 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 December 2023, Patterson Library reported income of $1.3m and spending of $435k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $562k to $1.3m (+131%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 292%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Patterson Library sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Western North Carolina Regional Education Foundation ($1.3m), Valley School of Southern Oregon ($1.3m) and Kellogg Community College Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $53k (12% of expenses). Other salaries and wages came to $147k. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m. It reported 8 employees.