Reading Room Association of Gouverneur Ny

Analysis

Reading Room Association of Gouverneur Ny is a registered charity in United States, based in Gouverneur, NY. It received its IRS tax-exemption ruling in December 1946, 80 years ago. 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, Reading Room Association of Gouverneur Ny reported income of $279k and spending of $154k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $279k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Room Association of Gouverneur Ny sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Bethlehem TWP Athletic Assn of Bethlehem Township Pennsylvania ($279k), Living Waterworks Inc ($279k) and Virginia Caribbean-American Cultural Association ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 8 employees.