Tompkins County Public Library Foundation Inc

Analysis

Tompkins County Public Library Foundation Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in April 1993, 33 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, Tompkins County Public Library Foundation Inc reported income of $304k and spending of $393k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $451k to $304k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2021, when income rose by 191%. 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, Tompkins County Public Library Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Potters House Foundation ($304k), Black Hawk Band Boosters ($304k) and Yotzer Ohr Lakewood a NJ Nonprofit Organization ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $79k (20% of expenses). Other salaries and wages came to $58k. At year end it held assets of $3.4m against liabilities of $48k, net assets of $3.3m. It reported 2 employees.