Lee-Whedon Memorial Library

Analysis

Lee-Whedon Memorial Library is a registered charity in United States, based in Medina, NY. It received its IRS tax-exemption ruling in September 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lee-Whedon Memorial Library reported income of $652k and spending of $694k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $643k to $652k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. 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, Lee-Whedon Memorial Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Lost Women of Science Initiative Inc ($652k), Fork Union Military Academy Foundation ($652k) and Empowering Success Now ($652k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $109k (16% of expenses). Other salaries and wages came to $209k. At year end it held assets of $643k against liabilities of $0, net assets of $643k. It reported 11 employees.