Montour Falls Memorial Library

Analysis

Montour Falls Memorial Library is a registered charity in United States, based in Montour Falls, NY. It received its IRS tax-exemption ruling in December 1997, 29 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, Montour Falls Memorial Library reported income of $234k and spending of $174k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $204k to $234k (+15%), an average of +15% a year. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montour Falls Memorial Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Texas East Gymnastics Booster Club Inc ($234k), Christian Cottage Prep ($234k) and Needful Provision Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $65k (37% of expenses). Other salaries and wages came to $40k. At year end it held assets of $320k against liabilities of $2,724, net assets of $317k. It reported 5 employees.