Myers Memorial Library

Analysis

Myers Memorial Library is a registered charity in United States, based in Frewsburg, NY. It received its IRS tax-exemption ruling in January 1952, 74 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, Myers Memorial Library reported income of $134k and spending of $128k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $134k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Myers Memorial Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Davids Faith & Hope for Life Foundation ($134k), Bright Beginnings Preschool ($134k) and Everybody Wins-Iowa Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $31k (24% of expenses). Other salaries and wages came to $15k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 4 employees.