Ellicottville Memorial Library

Analysis

Ellicottville Memorial Library is a registered charity in United States, based in Ellicottville, NY. It received its IRS tax-exemption ruling in September 1999, 27 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, Ellicottville Memorial Library reported income of $197k and spending of $198k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $197k (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ellicottville Memorial Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Nmpa Supporting Our Next Generation of Songwriters Songs Foundation ($197k), Brown Broadcasting Service Inc ($197k) and Drama and Arts Preschool Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $58k (29% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 4 employees.