Queens Borough Public Library

Analysis

Queens Borough Public Library is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in October 1959, 67 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, Queens Borough Public Library reported income of $163.6m and spending of $148.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $138.2m to $163.6m (+18%), an average of +4.3% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queens Borough Public Library sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Philadelphia University ($163.5m), College of Wooster ($163.7m) and Brooklyn Public Library ($163.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $1.7m (1.1% of expenses). Other salaries and wages came to $77.3m. At year end it held assets of $132.3m against liabilities of $30.9m, net assets of $101.4m. It reported 1,614 employees.