Mount Morris Library

Analysis

Mount Morris Library is a registered charity in United States, based in Mount Morris, NY. It received its IRS tax-exemption ruling in July 1952, 74 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, Mount Morris Library reported income of $157k and spending of $156k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $157k (-8.4%), an average of -8.4% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Morris Library sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Friends of the Mission Viejo Library ($157k), Tom Edwards Evangelistic Association Inc ($157k) and Justice High School Athletic Booster Club ($157k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $167k against liabilities of $1,151, net assets of $166k.