Mendham Borough Library

Analysis

Mendham Borough Library is a registered charity in United States, based in Mendham, NJ. It received its IRS tax-exemption ruling in April 1953, 73 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, Mendham Borough Library reported income of $579k and spending of $470k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $579k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 70%. 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, Mendham Borough Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Collegiate Entrepreneurs Organization ($579k), Trinity Christian School of Carbondale ($580k) and Multicultural Self-Sufficiency Movement ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $59k (13% of expenses). Other salaries and wages came to $138k. At year end it held assets of $1.8m against liabilities of $6,305, net assets of $1.8m. It reported 10 employees.