NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LITERARY CLASSICS OF THE US INC D/B/A LIBRARY OF AMERICA, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2023. Net assets of $32.9M represent 65 months of operating reserves.
THE MISSION OF THE LIBRARY OF AMERICA IS TO FOSTER GREATER APPRECIATION FOR OUR NATION'S LITERARY HERITAGE BY PUBLISHING, AND KEEPING PERMANENTLY IN PRINT, AUTHORITATIVE EDITIONS OF AMERICA'S BEST AND MOST SIGNIFICANT WRITING.
THE MAIN FOCUS OF THE ORGANIZATION'S STATED EXEMPT PURPOSE IS TO ASSURE ACCESS BY THE GENERAL PUBLIC TO ESSENTIAL WORKS OF THE AMERICAN LITERARY AND HISTORICAL TRADITION IN ORDER TO PRESERVE THE...
THE MAIN FOCUS OF THE ORGANIZATION'S STATED EXEMPT PURPOSE IS TO ASSURE ACCESS BY THE GENERAL PUBLIC TO ESSENTIAL WORKS OF THE AMERICAN LITERARY AND HISTORICAL TRADITION IN ORDER TO PRESERVE THE AMERICAN PAST THROUGH ITS LITERARY AND HISTORICAL ACHIEVEMENTS. ALL OF THE ACTIVITIES OF THE ORGANIZATION RELATE TO ONE PROGRAM, THIS PROGRAM IS KNOWN AS THE LIBRARY OF AMERICA. THE MISSION IS CARRIED OUT BY COMPILING, EDITING AND PUBLISHING INEXPENSIVELY PRICED AND TEXTUALLYACCURATE EDITIONS OF AMERICA'S BEST AND MOST SIGNIFICANT WRITINGS OF THE PAST. THE BOOKS ARE DISTRIBUTED TO LIBRARIES, EDUCATIONAL INSTITUTIONS, BOOK STORES, AND DIRECTLY TO INDIVIDUALS, THUS MAKING THEM WIDELY AVAILABLE TO SCHOLARS, EDUCATORS, STUDENTS, AND THE ENTIRE GENERAL PUBLIC. TO DATE, THE LIBRARY OF AMERICA HAS PUBLISHED IN EXCESS OF 450 VOLUMES OF LITERATURE, POETRY, AND ANTHOLOGIES, AND, ON AVERAGE, TEN NEW VOLUMES ARE ADDED ANNUALLY. MOST OF THE WORKS ARE KEPTPERMANENTLY IN PRINT IN ORDER TO ASSURE CONTINUED ACCESS FOR FUTURE GENERATIONS. THE EXACT NUMBER OF PEOPLE WHO HAVE BEEN PROVIDED ACCESS TO OTHERWISE UNAVAILABLE WORKS OF OUR GREATEST AMERICAN AUTHORS THROUGH THE EFFORTS OF THE LIBRARY OF AMERICA IS NOT KNOWN. HOWEVER, OVER 3,500 LIBRARIES WITH VERY LIMITED RESOURCES HAVE ACQUIRED THE WORKS FROM THIS PROGRAM, AND APPROXIMATELY 300,000 VOLUMES ARE DISTRIBUTED ANNUALLY TO THE GENERAL PUBLIC, EITHER DIRECTLY OR THROUGH BOOKSTORES. TO DATE OVER THIRTEEN MILLION VOLUMES HAVE BEEN PRINTED AND DISTRIBUTED. IT IS ESTIMATED THAT TENS OF MILLIONS OF PEOPLE HAVE BEEN PROVIDED ACCESS TO THESE ESSENTIAL WORKS OF AMERICAN LITERATURE THROUGH THE ACTIVITIES CARRIED ON BY THE LIBRARY OF AMERICA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,077,874 | $5,975,822 | +0.0% |
| Expenses | $6,652,313 | $6,101,128 | +0.1% |
| Net Income | $-574,439 | $-125,306 | +3.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ADAM GOPNIK | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ALAN M KLEIN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| AMOR TOWLES | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| AMY DAVIDSON SORKIN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| BENITO CACHINERO-SANCHEZ | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| D RONALD DANIEL | DIRECTOR (OUTGOING) | 5.00 |
Director
|
$0 | $0 | $0 |
| DANIEL WEISS | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIHU ROSE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH W SMITH | CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| FREDERICK W BEINECKE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| G THOMAS TANSELLE | SECRETARY | 10.00 |
Officer
Director
|
$18,000 | $0 | $18,000 |
| HENRY LOUIS GATES JR | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JOANNE FREEMAN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN KENNEDY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW MCLENNAN | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL BIERUT | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MONA SIMPSON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| TONY KUSHNER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DANIEL BAKER | VICE PRESIDENT & CFO | 50.00 |
Officer
|
$204,622 | $69,653 | $274,275 |
| MAX RUDIN | PRESIDENT & PUBLISHER | 50.00 |
Officer
|
$306,585 | $18,414 | $324,999 |
| CAROL M EINHORN | DIR. OF INSTITUTIONAL ADV. | 50.00 |
Highest
|
$147,063 | $35,470 | $182,533 |
| DAVID CLOYCE SMITH | DIR. OF PROD. & CONSUMER | 50.00 |
Highest
|
$121,087 | $25,960 | $147,047 |
| JOHN KULKA | EDITORIAL DIRECTOR | 50.00 |
Highest
|
$152,863 | $39,186 | $192,049 |
| PATRICIA HOARD | MANAGING EDITOR | 50.00 |
Highest
|
$110,194 | $18,932 | $129,126 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $6,077,874 | $6,652,313 | $37,499,151 | $-574,439 |
| 2023 | $5,975,822 | $6,101,128 | $35,285,749 | $-125,306 |
| 2022 | $6,738,720 | $6,182,123 | $30,362,811 | $556,597 |
| 2021 | $7,761,557 | $6,718,390 | $32,475,122 | $1,043,167 |
| 2020 | $5,859,632 | $5,805,040 | $26,603,428 | $54,592 |
| 2019 | $6,011,599 | $5,404,486 | $25,593,448 | $607,113 |
| 2018 | $8,288,427 | $5,601,153 | $24,243,850 | $2,687,274 |
Compare THE LITERARY CLASSICS OF THE US INC D/B/A LIBRARY OF AMERICA with other nonprofits in New York and across the country.