Mendham Township Library

Analysis

Mendham Township Library is a registered charity in United States, based in Brookside, NJ. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 Township Library reported income of $364k and spending of $300k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $391k to $364k (-7.0%), an average of -1.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mendham Township Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Trinity College School Fund Inc ($364k), Eaa Chapter 292 ($364k) and Newfield Rescue Squad ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.4% of the total. Other salaries and wages came to $173k. At year end it held assets of $331k against liabilities of $0, net assets of $331k. It reported 12 employees.