New Rochelle Public Library Foundation Inc

Analysis

New Rochelle Public Library Foundation Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Rochelle Public Library Foundation Inc reported income of $209k and spending of $331k, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $289k to $209k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2020, when income rose by 186%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Rochelle Public Library Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Three Village Midget Baseball League Inc ($209k), The Heartway Inc ($209k) and Tunxis Community College Foundation Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% of the total. Other salaries and wages came to $39k. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.