Mechanicville District Public Library

Analysis

Mechanicville District Public Library is a registered charity in United States, based in Mechanicville, NY. It received its IRS tax-exemption ruling in December 2002, 24 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 June 2024, Mechanicville District Public Library reported income of $505k and spending of $511k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $467k to $505k (+8.2%), an average of +2.0% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mechanicville District Public Library sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Young Entrepreneurs Organization ($505k), Walt Whitman Crew Boosters Inc ($505k) and Greater Seattle Bureau of Fearless Ideas ($505k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $112k (22% of expenses). Other salaries and wages came to $94k. At year end it held assets of $460k against liabilities of $0, net assets of $460k. It reported 9 employees.