Great Neck Library

Analysis

Great Neck Library is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in October 1967, 59 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 2023, Great Neck Library reported income of $10.1m and spending of $10.4m, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $11.6m to $10.1m (-13%), an average of -13% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Great Neck Library sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Pittsburg State University Foundation Inc ($10.1m), Alabama High School of Mathematics and Science Foundation ($10.1m) and Neighborhood Charter Network Inc ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 0.2% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $33.4m against liabilities of $20.8m, net assets of $12.6m. It reported 113 employees.