New Lebanon Library

Analysis

New Lebanon Library is a registered charity in United States, based in New Lebanon, NY. It received its IRS tax-exemption ruling in December 1992, 34 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, New Lebanon Library reported income of $186k and spending of $195k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $186k (+4.3%), an average of +1.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Lebanon Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include California Transcribers & Educators for the Blind & Visually Impaired ($186k), PTA California Congress of Parents Teachers & Students Inc ($186k) and North Haven Soccer Club Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $88k. At year end it held assets of $809k against liabilities of $167k, net assets of $642k. It reported 7 employees.