Steele Memorial Library Foundationof Chemung County Inc

Analysis

Steele Memorial Library Foundationof Chemung County Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steele Memorial Library Foundationof Chemung County Inc reported income of $278k and spending of $147k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $278k (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 231%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steele Memorial Library Foundationof Chemung County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Clearwater Memorial Public Library ($278k), All Things New Rev 21 5 ($278k) and Ventura Montessori School Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.