Rochester Public Library

Analysis

Rochester Public Library is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1992, 34 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 June 2023, Rochester Public Library reported income of $20.2m and spending of $18.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.9m to $20.2m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rochester Public Library sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Schools for Children Inc ($20.2m), Citizenship Trust ($20.2m) and Tapestry Charter School ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $263k (1.4% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $13.3m against liabilities of $7.7m, net assets of $5.6m. It reported 286 employees.