Northern New York Library Network

Analysis

Northern New York Library Network is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in August 1966, 60 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 June 2023, Northern New York Library Network reported income of $1.0m and spending of $1.3m, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.0m (-16%), an average of -5.5% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northern New York Library Network sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Caulbridge School Education Foundation ($1.0m), Trustees of Fall River High School Alumni Scholarships ($1.0m) and Wellington PTO Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $85k (6.8% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.5m against liabilities of $245k, net assets of $1.3m. It reported 6 employees.