Lagrange Association Library

Analysis

Lagrange Association Library is a registered charity in United States, based in Lagrangeville, NY. It received its IRS tax-exemption ruling in July 1983, 43 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, Lagrange Association Library reported income of $1.2m and spending of $939k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $768k to $1.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lagrange Association Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include The Play Equity Fund ($1.2m), Flint Hills Technical College Foundation ($1.2m) and Dayton Electical Joint Apprentice Committee ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $84k (9.0% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.6m against liabilities of $35, net assets of $1.6m. It reported 23 employees.