Finger Lakes Library Systems

Analysis

Finger Lakes Library Systems is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 1980, 46 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, Finger Lakes Library Systems reported income of $2.2m and spending of $1.5m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finger Lakes Library Systems sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include American Friends of Dbi Inc ($2.2m), Achievepoint Career Academy - Cincinnati ($2.2m) and Takoma Park Child Development Center Incorporated ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $108k (7.1% of expenses). Other salaries and wages came to $420k. At year end it held assets of $4.5m against liabilities of $166k, net assets of $4.3m. It reported 21 employees.