Southeast Steuben County Library

Analysis

Southeast Steuben County Library is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in September 2000, 26 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, Southeast Steuben County Library reported income of $2.1m and spending of $1.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeast Steuben County Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Buckeye Community School - London ($2.1m), Montessori Academy of Naples Inc ($2.1m) and Meged Shomayim ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $138k (8.6% of expenses). Other salaries and wages came to $652k. At year end it held assets of $10.9m against liabilities of $1.3m, net assets of $9.7m. It reported 25 employees.