MISSION
The Tool Library's mission is to combat neighborhood blight and promote participatory community development by providing tools, equipment, and resources to individuals, groups, and organizations through a community-based tool lending library.
DEMOGRAPHIC
ADDRESS
2626 MAIN ST
14214
COUNTY
erie county, NY
ORGANIZATIONAL OVERVIEW & RANKINGS
TOOL LIBRARY INC is a based in BUFFALO, NY, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in February 2018, it operates as an independent trust and contributions to this organization are tax-deductible .
With total assets of $406,731.00, this ranks 318,435 among 2,656,690 nonprofits nationally (Top 12%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 26,137 out of 159,053 organizations in NY (Top 17%).
In erie county, NY, the organization ranks 1,306 out of 7,328 nonprofits by assets (Top 18%), while locally in buffalo, it stands at 634 among 3,063 organizations (Top 21%).
The organization reported annual revenue of $240,805.00, ranking 264,305 nationally (Top 10%) and 20,014 in NY (Top 13%).
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, TOOL LIBRARY INC ranks 1,317 in assets (Top 7%) and 1,494 in revenue (Top 8%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
2: Trust
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$247,788.00
FORM 990 REVENUE AMOUNT
$240,805.00
RULING DATE
02/2018
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$406,731.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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