Suffolk Cooperative Library System

Analysis

Suffolk Cooperative Library System is a registered charity in United States, based in Bellport, NY. It received its IRS tax-exemption ruling in November 1973, 53 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, Suffolk Cooperative Library System reported income of $17.8m and spending of $17.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $17.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Suffolk Cooperative Library System sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Global Entrepreneurship Network Inc ($17.8m), Ser Ninos Inc ($17.8m) and Blackburn University ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $268k (1.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $19.1m against liabilities of $22.5m, net assets of -$3.4m. It reported 56 employees.