Fishers Island Library Assoc

Analysis

Fishers Island Library Assoc is a registered charity in United States, based in Fishers Isle, NY. It received its IRS tax-exemption ruling in February 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 December 2023, Fishers Island Library Assoc reported income of $437k and spending of $267k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $437k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fishers Island Library Assoc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Project Implicit Inc ($437k), Utica Athletic Boosters ($437k) and Chesterton Academy of the Immaculate Heart ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $91k. At year end it held assets of $1.6m against liabilities of $14k, net assets of $1.6m. It reported 6 employees.