Ulysses Philomathic Library

Analysis

Ulysses Philomathic Library is a registered charity in United States, based in Trumansburg, NY. It received its IRS tax-exemption ruling in September 1985, 41 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, Ulysses Philomathic Library reported income of $437k and spending of $438k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $884k to $437k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ulysses Philomathic Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Utica Athletic Boosters ($437k), Bay Area Charter School Athletic Conference ($437k) and Fishers Island Library Assoc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $58k (13% of expenses). Other salaries and wages came to $168k. At year end it held assets of $3.6m against liabilities of $1, net assets of $3.6m. It reported 9 employees.