Art Libraries Society of North America

Analysis

Art Libraries Society of North America is a registered charity in United States, based in Westford, MA. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2022, Art Libraries Society of North America reported income of $438k and spending of $635k, spending 145% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $587k to $438k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Libraries Society of North America sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Community Housing Services ($438k), Coatesville Public Library Association ($438k) and Pianofest Inc ($438k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 74% of the total. At year end it held assets of $1.0m against liabilities of $78k, net assets of $966k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.