Stewart B Lang Memorial Library

Analysis

Stewart B Lang Memorial Library is a registered charity in United States, based in Cato, NY. It received its IRS tax-exemption ruling in May 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Stewart B Lang Memorial Library reported income of $132k and spending of $94k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $137k to $132k (-3.5%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stewart B Lang Memorial Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Capital Business Development Association ($132k), Izaak Walton League of America Inc ($132k) and Trustees of Purdue University ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $37k (39% of expenses). Other salaries and wages came to $2,014. At year end it held assets of $578k against liabilities of $0, net assets of $578k. It reported 3 employees.