Southern Tier Library System

Analysis

Southern Tier Library System is a registered charity in United States, based in Painted Post, NY. It received its IRS tax-exemption ruling in June 1960, 66 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, Southern Tier Library System reported income of $2.9m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.9m (+15%), an average of +3.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Tier Library System sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Ofl Capistrano Inc ($2.9m), Bais Medrash Toras Chesed Inc ($2.9m) and Danielson Group Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $179k (6.2% of expenses). Other salaries and wages came to $835k. At year end it held assets of $3.8m against liabilities of $818k, net assets of $3.0m. It reported 34 employees.