Friends of the Scarsdale Library Inc

Analysis

Friends of the Scarsdale Library Inc is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in July 2011, 15 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 March 2024, Friends of the Scarsdale Library Inc reported income of $712k and spending of $1.2m, spending 166% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $1.4m to $712k (-50%), an average of -50% a year. The sharpest change came in the year to March 2024, when income dropped by 50%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Scarsdale Library Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Cda Collaborative Learning Projects Inc ($712k), Miles Community College Foundation ($712k) and Cleveland Medical Library Association ($712k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.0m against liabilities of $18k, net assets of $1.0m.