Port Washington Library Foundation Inc

Analysis

Port Washington Library Foundation Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in June 1991, 35 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 June 2023, Port Washington Library Foundation Inc reported income of $149k and spending of $163k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $219k to $149k (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Port Washington Library Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Dragon Scholarship Fund Inc ($149k), New Leaf Collaborative ($149k) and Burnt Hills Nursery School ($149k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.4m against liabilities of $18k, net assets of $1.4m. It reported 1 employees.