Field Library Inc

Analysis

Field Library Inc is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in October 1943, 83 years ago. 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, Field Library Inc reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+28%), an average of +6.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Field Library Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Macula Society Inc ($1.7m), Fosters Home Foundation ($1.7m) and United Studies Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $106k (6.2% of expenses). Other salaries and wages came to $788k. At year end it held assets of $2.1m against liabilities of $491k, net assets of $1.6m. It reported 47 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.