Nassau Library System

Analysis

Nassau Library System is a registered charity in United States, based in Uniondale, NY. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nassau Library System reported income of $10.6m and spending of $10.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.3m to $10.6m (+3.2%), an average of +0.8% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nassau Library System sits at the 94th percentile: it is larger than about 94% 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 Heritage Christian University ($10.6m), Operating Engineers Loc 324 Journey Men & Apprentice Trainin F Loc 324 ($10.6m) and University of Montevallo Foundation ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $176k (1.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $14.8m against liabilities of $13.2m, net assets of $1.6m. It reported 28 employees.