Nyack Library

Analysis

Nyack Library is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in January 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 (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, Nyack Library reported income of $3.3m and spending of $3.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $3.3m (-0.9%), an average of -0.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nyack Library sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Modesto Christian School Inc ($3.3m), Purchase Housing Corporation II ($3.3m) and Escuela Federico Froebel Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $90k (2.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.9m against liabilities of $7.9m, net assets of $3.9m. It reported 68 employees.