Friends of the Tompkins County Public Library

Analysis

Friends of the Tompkins County Public Library is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in April 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Tompkins County Public Library reported income of $539k and spending of $614k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $556k to $539k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Tompkins County Public Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Jacksonville Science Festival Inc ($539k), Ruth Jackson Society Inc ($539k) and Bee Cause Project Inc ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $12k (1.9% of expenses). Other salaries and wages came to $8,512. At year end it held assets of $887k against liabilities of $0, net assets of $887k. It reported 4 employees.