James Prendergast Library Association

Analysis

James Prendergast Library Association is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in April 1941, 85 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, James Prendergast Library Association reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $923k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Prendergast Library Association sits at the 78th 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 78th percentile within NY. Charities of a similar size with the same main cause include Nativity School of Harrisburg ($1.2m), Tomorrows Youth Organization ($1.2m) and College of the Albemarle Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $63k (5.3% of expenses). Other salaries and wages came to $562k. At year end it held assets of $10.4m against liabilities of $60k, net assets of $10.4m. It reported 27 employees.