Mary E Seymour Memorial Free Library

Analysis

Mary E Seymour Memorial Free Library is a registered charity in United States, based in Stockton, NY. It received its IRS tax-exemption ruling in April 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, Mary E Seymour Memorial Free Library reported income of $52k and spending of $63k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $52k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary E Seymour Memorial Free Library sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Friends of Orange County Department of Social Services ($52k), Veterans and Equines Together ($52k) and PTA Georgia Congress ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 1.0% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.