Sherburne Public Library

Analysis

Sherburne Public Library is a registered charity in United States, based in Sherburne, NY. It received its IRS tax-exemption ruling in July 1995, 31 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, Sherburne Public Library reported income of $251k and spending of $263k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $251k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sherburne Public Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Illinois Coalition for Educating At-Risk Youth ($251k), The South Orange Maplewood Community Coalition on Race Inc ($251k) and Jump Math Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $36k (14% of expenses). Other salaries and wages came to $85k. At year end it held assets of $823k against liabilities of $0, net assets of $823k.