Library Study Hall

Analysis

Library Study Hall is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Library Study Hall reported income of $954k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $954k (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Library Study Hall sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Heart of Dixie Railroad Museum Inc ($954k), Las Vegas Natural History Museum ($955k) and The Gridwise Alliance Inc ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $354k (32% of expenses). At year end it held assets of $74k against liabilities of $200k, net assets of -$125k. It reported 2 employees.