C W Clark Memorial Library

Analysis

C W Clark Memorial Library is a registered charity in United States, based in Oriskany FLS, NY. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2023, C W Clark Memorial Library reported income of $106k and spending of $132k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $94k to $106k (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, C W Clark Memorial Library sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Gymnastics Support Organization Inc ($106k), Council for Learning Disabilities ($106k) and Lake Beulah Sailing School Inc ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 1.2% of the total. Other salaries and wages came to $53k. At year end it held assets of $434k against liabilities of $0, net assets of $434k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.