Old Tappan Free Library Association

Analysis

Old Tappan Free Library Association is a registered charity in United States, based in Old Tappan, NJ. It received its IRS tax-exemption ruling in November 1969, 57 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, Old Tappan Free Library Association reported income of $699k and spending of $663k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $638k to $699k (+9.6%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Tappan Free Library Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($699k), American Society for Deaf Children Inc ($699k) and Pacific and Asian Affairs Council ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $99k (15% of expenses). At year end it held assets of $1.3m against liabilities of $3,222, net assets of $1.3m. It reported 13 employees.