Germantown Library

Analysis

Germantown Library is a registered charity in United States, based in Germantown, NY. It received its IRS tax-exemption ruling in May 1983, 43 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, Germantown Library reported income of $179k and spending of $230k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $179k (+4.7%), an average of +1.1% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Germantown Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Malama Kai Foundation ($179k), Coghlin Memorial Institute ($179k) and Hastings Youth Athletic Association ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 2.1% of the total. Other salaries and wages came to $81k. At year end it held assets of $667k against liabilities of $0, net assets of $667k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.