Sharing and Technology Enhancing Local Library Access

Analysis

Sharing and Technology Enhancing Local Library Access is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Sharing and Technology Enhancing Local Library Access reported income of $2.2m and spending of $1.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.2m (+26%), an average of +5.9% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sharing and Technology Enhancing Local Library Access sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Fundacion Educativa Concepcion ($2.2m), Heritage Christian Academy ($2.2m) and Little Land Childrens Learning ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $626k (39% of expenses). At year end it held assets of $1.7m against liabilities of $86k, net assets of $1.6m.