Macedon Public Library

Analysis

Macedon Public Library is a registered charity in United States, based in Macedon, NY. It received its IRS tax-exemption ruling in September 1977, 49 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, Macedon Public Library reported income of $398k and spending of $384k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $369k to $398k (+7.8%), an average of +1.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macedon Public Library sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Jewish Learning Connection Inc ($398k), Therapy Center of Philadelphia ($398k) and Elderly Housing Development and Operations Corporation ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $86k (22% of expenses). Other salaries and wages came to $148k. At year end it held assets of $538k against liabilities of $131k, net assets of $407k. It reported 15 employees.