Wayland Free Library

Analysis

Wayland Free Library is a registered charity in United States, based in Wayland, NY. It received its IRS tax-exemption ruling in December 1972, 54 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, Wayland Free Library reported income of $226k and spending of $222k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $226k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wayland Free 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 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($226k), Highlands Emergency Council Inc ($226k) and Musicians Foundation Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.3m against liabilities of $36, net assets of $1.3m. It reported 13 employees.