Friends of the Schenectady County Public Library

Analysis

Friends of the Schenectady County Public Library is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in September 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Schenectady County Public Library reported income of $195k and spending of $151k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $195k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 114%. 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, Friends of the Schenectady County Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($195k), Little League Baseball Inc ($195k) and Ecuadorian Civic Center of Greater ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $660k against liabilities of $92k, net assets of $568k.