Wadsworth Library

Analysis

Wadsworth Library is a registered charity in United States, based in Geneseo, NY. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2024, Wadsworth Library reported income of $515k and spending of $584k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $537k to $515k (-4.0%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income rose by 115%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wadsworth Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Darien Study Center Inc ($515k), Palisades Free Library ($516k) and Richard Myles Johnson Foundation ($515k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $53k (9.1% of expenses). Other salaries and wages came to $202k. At year end it held assets of $3.6m against liabilities of $41k, net assets of $3.6m. It reported 11 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.