Tuxedo Park Library

Analysis

Tuxedo Park Library is a registered charity in United States, based in Tuxedo Park, NY. It received its IRS tax-exemption ruling in February 1977, 49 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 December 2023, Tuxedo Park Library reported income of $669k and spending of $723k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $759k to $669k (-12%), an average of -3.1% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tuxedo Park Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Echo Education Services ($669k), Friends of the Pennsylvania Farm Show Foundation ($669k) and Anchor Christian Academy ($669k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.0% of the total. Other salaries and wages came to $387k. At year end it held assets of $1.2m against liabilities of $15k, net assets of $1.2m. It reported 15 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.