Grolier Club of the City of New York

Analysis

Grolier Club of the City of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1937, 89 years ago. 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 August 2023, Grolier Club of the City of New York reported income of $4.0m and spending of $3.3m, spending 82% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.0m (+20%), an average of +4.6% a year. The sharpest change came in the year to August 2022, when income rose by 189%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grolier Club of the City of New York sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include William M Singerly Steam Fire ($4.0m), Renaissance House Inc ($4.0m) and Search to Involve Pilipino Americans ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $188k (5.7% of expenses). Other salaries and wages came to $783k. At year end it held assets of $28.2m against liabilities of $111k, net assets of $28.0m. It reported 26 employees.