Newman Riga Library

Analysis

Newman Riga Library is a registered charity in United States, based in Churchville, NY. It received its IRS tax-exemption ruling in April 1989, 37 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, Newman Riga Library reported income of $320k and spending of $211k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $320k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newman Riga Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Masconomet Regional Scholarship ($320k), Kamehameha Schools Maui Campus Ohana ($320k) and Thornton Creek Parent Group ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 8 employees.