South Central Regional Library Council

Analysis

South Central Regional Library Council is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, South Central Regional Library Council reported income of $975k and spending of $921k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $867k to $975k (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Central Regional Library Council sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Amy Bell Charities Inc ($975k), MCCB Transitions Inc ($976k) and Heart of Mercy International Inc ($975k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $111k (12% of expenses). Other salaries and wages came to $233k. At year end it held assets of $798k against liabilities of $55k, net assets of $743k. It reported 7 employees.