New Jersey Library Association

Analysis

New Jersey Library Association is a registered charity in United States, based in Bordentown, NJ. It received its IRS tax-exemption ruling in June 1969, 57 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 June 2023, New Jersey Library Association reported income of $656k and spending of $572k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $453k to $656k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 159%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Jersey Library Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Houston County Fair and Youth Livestock Show Inc ($656k), Des Moines Symphony Association Foundation ($656k) and Tai Studies Center ($656k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. Other salaries and wages came to $179k. At year end it held assets of $1.3m against liabilities of $87k, net assets of $1.2m. It reported 9 employees.