West Nyack Free Library Assn

Analysis

West Nyack Free Library Assn is a registered charity in United States, based in West Nyack, NY. It received its IRS tax-exemption ruling in December 1961, 65 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 December 2023, West Nyack Free Library Assn reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.5m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, West Nyack Free Library Assn sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Housatonic Community College Foundation Inc ($1.5m), Katherine Anne Porter School ($1.5m) and White Hall Enrichment Advancement Team ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $94k (6.7% of expenses). Other salaries and wages came to $700k. At year end it held assets of $5.0m against liabilities of $1.5m, net assets of $3.5m. It reported 36 employees.