Library Association of Ringwood

Analysis

Library Association of Ringwood is a registered charity in United States, based in Ringwood, NJ. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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, Library Association of Ringwood reported income of $617k and spending of $616k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $619k to $617k (-0.4%), an average of -0.1% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Association of Ringwood sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Interfaith Shelter Network of San D Iego ($617k), Alabama School of Fine Arts Foundation Inc ($617k) and Patrician Arms ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (16% of expenses). Other salaries and wages came to $307k. At year end it held assets of $753k against liabilities of $49k, net assets of $704k. It reported 13 employees.