Stamford Library

Analysis

Stamford Library is a registered charity in United States, based in Stamford, NY. It received its IRS tax-exemption ruling in September 1991, 35 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, Stamford Library reported income of $166k and spending of $197k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $166k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stamford Library sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Fellowship of Worship Artists ($166k), Harrison Neighborhood Association ($167k) and Jewel David Ministries ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $43k (22% of expenses). Other salaries and wages came to $57k. At year end it held assets of $3.0m against liabilities of -$564, net assets of $3.0m. It reported 8 employees.