New York Public Library
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
New York Public Library meets the 20 Standards for Charity Accountability.
Stated Purpose:
The New York Public Library's mission is to inspire lifelong learning, advance knowledge, and strengthen our communities.
Year, State Incorporated:
1895, NY
The New York Public Library is a free provider of education and information for the people of New York and beyond. With 92 locations—including research and branch libraries—throughout the Bronx, Manhattan, and Staten Island, the Library offers free materials, computer access, classes, exhibitions, programming and more to everyone from toddlers to scholars, and has seen record numbers of attendance and circulation in recent years. The New York Public Library serves approximately 18 million patrons who come through its doors annually and millions more around the globe who use its resources at nypl.org.
For the year ended June 30, 2022, New York Public Library's program expenses were:
| Total program services | $281,502,000 |
| Total Program Expenses | $281,502,000 |
Chief Executive
Anthony Marx, President and CEO
Compensation*
$917,677
Chair's Profession / Business Affiliation
Not disclosed
Board Size
30
Paid Staff Size
3145
* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Membership appeals, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on New York Public Library's audited financial statements for the year ended June 30, 2022.
Source of Funds
| City of New York | $198,594,000 |
| Investment return appropriated for spending | $60,376,000 |
| Private contributions and grants | $43,497,000 |
| State of New York | $26,479,000 |
| Contributed utilities and rent | $9,683,000 |
| Fines, royalties, and other revenue | $8,100,000 |
| Federal Government | $1,371,000 |
| Total Income | $348,100,000 |
Programs: 88% Fundraising: 3% Administrative: 9%
| Total Income | $348,100,000 |
| Total expenses: | $320,549,000 |
| Program expenses | $281,502,000 |
| Fundraising expenses | $10,121,000 |
| Administrative expenses | $28,926,000 |
| Other expenses | $0 |
| Income in Excess of Expenses | $27,551,000 |
| Beginning Net Assets | $2,181,294,000 |
| Other Changes In Net Assets | $-157,785,000 |
| Ending Net Assets | $2,051,060,000 |
| Total Liabilities | $481,862,000 |
| Total Assets | $2,532,922,000 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Foundation of Metropolitan New York