New York Library Association

Analysis

New York Library Association is a registered charity in United States, based in Guilderland, NY. It received its IRS tax-exemption ruling in December 1958, 68 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 June 2023, New York Library Association reported income of $793k and spending of $1.0m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $793k (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Library Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Dental Trade Alliance Foundation ($792k), Athena Inc ($793k) and Green Technical Education and Employment ($792k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $102k (9.9% of expenses). Other salaries and wages came to $235k. At year end it held assets of $2.0m against liabilities of $164k, net assets of $1.9m. It reported 6 employees.