Reynolds Library Inc

Analysis

Reynolds Library Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1943, 83 years ago. 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, Reynolds Library Inc reported income of $52k and spending of $256k, spending 488% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $52k (-83%), an average of -35% a year. The sharpest change came in the year to December 2021, when income rose by 285%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reynolds Library Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include National Association of Each One Teach One Inc ($52k), Provincetown Jazz Festival Inc ($52k) and Sutherlin-Oakland Emergency Pantry ($52k).

At year end it held assets of $4.2m against liabilities of $82k, net assets of $4.1m.