Foundation for the Yonkers Public Library Inc

Analysis

Foundation for the Yonkers Public Library Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Yonkers Public Library Inc reported income of $74k and spending of $31k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $74k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for the Yonkers Public Library Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Merrol Hyde Magnet School PTO ($74k), Sunrise Point Elementary PTO ($74k) and Aldersgate Preschool Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.