Phoenicia Library

Analysis

Phoenicia Library is a registered charity in United States, based in Phoenicia, NY. It received its IRS tax-exemption ruling in February 1994, 32 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, Phoenicia Library reported income of $252k and spending of $303k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $252k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenicia Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Respect America Foundation ($252k), Batavia Foundation for Educational Excellence ($252k) and Mason Schools Foundation ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $89k. At year end it held assets of $1.0m against liabilities of $1,947, net assets of $1.0m. It reported 14 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.