Morristown Public Library

Analysis

Morristown Public Library is a registered charity in United States, based in Morristown, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, Morristown Public Library reported income of $101k and spending of $102k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $101k (-4.2%), an average of -4.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Morristown Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Rapter Education Foundation ($101k), Baku Research Institute ($101k) and Parent Booster USA Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.