Skaneateles Library Association

Analysis

Skaneateles Library Association is a registered charity in United States, based in Skaneateles, NY. It received its IRS tax-exemption ruling in January 1979, 47 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 September 2023, Skaneateles Library Association reported income of $1.3m and spending of $583k, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $482k to $1.3m (+179%), an average of +29% a year. The sharpest change came in the year to September 2023, when income rose by 104%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Skaneateles Library Association sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include National Roofing Foundation ($1.3m), Reading Heart ($1.3m) and Odessa Christian School Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $79k (14% of expenses). Other salaries and wages came to $215k. It paid $13k in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $432k, net assets of $3.8m. It reported 12 employees.