Norwood Public Library

Analysis

Norwood Public Library is a registered charity in United States, based in Norwood, NY. It received its IRS tax-exemption ruling in July 2014, 12 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, Norwood Public Library reported income of $107k and spending of $106k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $93k to $107k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2019, when income rose by 75%. 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, Norwood Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Parent Teacher Association of P S 84 the Jose de Diego School Inc ($107k), Aspen Board of Realtors Bill Heldman-Stark King Memorial Schola ($107k) and New Horizon Academy for Exceptional Students Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Other salaries and wages came to $48k. At year end it held assets of $284k against liabilities of $2,002, net assets of $282k. It reported 4 employees.