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THE LIBRARY OF AMERICA WAS FOUNDED IN 1979 TO UNDERTAKE A HISTORIC ENDEAVOR: TO HELP PRESERVE THE NATION'S CULTURAL HERITAGE BY PUBLISHING AMERICA'S BEST AND MOST SIGNIFICANT WRITING IN DURABLE AND AUTHORITATIVE EDITIONS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6.1M
Program Spending
70%
of total expenses go to program services
Total Contributions
$2.9M
Total Expenses
▼$6.7M
Total Assets
$37.5M
Total Liabilities
▼$4.6M
Net Assets
$32.9M
Officer Compensation
→$616.5K
Other Salaries
$1.6M
Investment Income
$547K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $6.1M | $2.9M | $6.7M | $37.5M | $32.9M |
| 2022IRS e-File | $6M | $2.5M | $6.1M | $35.3M | $30.6M |
| 2021 | $7.8M | $3.1M | $6.7M | $32.5M | $31.3M |
| 2020 | $5.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Max Rudin | President & Publisher | 50 | $306.6K | $0 | $18.4K | $325K |
| Daniel Baker | Vice President & CFO | 50 | $204.6K | $0 | $69.7K | $274.3K |
| G Thomas Tanselle | Secretary | 10 | $18K | $0 | $0 | $18K |
| Benito Cachinero-Sanchez | Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Daniel Weiss | Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Elizabeth W Smith | Chair | 10 | $0 | $0 | $0 | $0 |
| Matthew Mclennan | Treasurer | 10 | $0 | $0 | $0 | $0 |
Max Rudin
President & Publisher
$325K
Hrs/Wk
50
Compensation
$306.6K
Related Orgs
$0
Other
$18.4K
Daniel Baker
Vice President & CFO
$274.3K
Hrs/Wk
50
Compensation
$204.6K
Related Orgs
$0
Other
$69.7K
G Thomas Tanselle
Secretary
$18K
Hrs/Wk
10
Compensation
$18K
Related Orgs
$0
Other
$0
Benito Cachinero-Sanchez
Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Daniel Weiss
Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Elizabeth W Smith
Chair
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Matthew Mclennan
Treasurer
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| John Kulka | Editorial Director | 50 | $152.9K | $0 | $39.2K | $192K |
| Carol M Einhorn | Dir. Of Institutional Adv. | 50 | $147.1K | $0 | $35.5K | $182.5K |
| David Cloyce Smith | Dir. Of Prod. & Consumer | 50 | $121.1K | $0 | $26K | $147K |
| Patricia Hoard | Managing Editor | 50 | $110.2K |
John Kulka
Editorial Director
$192K
Hrs/Wk
50
Compensation
$152.9K
Related Orgs
$0
Other
$39.2K
Carol M Einhorn
Dir. Of Institutional Adv.
$182.5K
Hrs/Wk
50
Compensation
$147.1K
Related Orgs
$0
Other
$35.5K
David Cloyce Smith
Dir. Of Prod. & Consumer
$147K
Hrs/Wk
50
Compensation
$121.1K
Related Orgs
$0
Other
$26K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Adam Gopnik | Director | 5 | $0 | $0 | $0 | $0 |
| Alan M Klein | Director | 5 | $0 | $0 | $0 | $0 |
| Amor Towles | Director | 5 | $0 | $0 | $0 | $0 |
| Amy Davidson Sorkin | Director | 5 | $0 | $0 | $0 | $0 |
| D Ronald Daniel | Director (outgoing) | 5 | $0 | $0 | $0 | $0 |
| Elihu Rose | Director |
Adam Gopnik
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Alan M Klein
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Amor Towles
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
| $2.1M |
| $5.8M |
| $26.6M |
| $25.3M |
| 2019 | $6M | $2.5M | $5.4M | $25.6M | $24.8M |
| 2018 | $8.3M | $4.4M | $5.6M | $24.2M | $23.6M |
| 2017 | $6M | $2.2M | $5.9M | $21.2M | $19.9M |
| 2016 | $5.8M | $2.3M | $5.3M | $19.6M | $18.6M |
| 2015 | $5.6M | $2.3M | $5.3M | $19.3M | $18.2M |
| 2014 | $4.7M | $1.2M | $5M | $18.5M | $17.7M |
| 2013 | $5.6M | $1.6M | $5.5M | $17.6M | $16.5M |
| 2012 | $6.8M | $2.6M | $5.4M | $16.8M | $15.5M |
| 2011 | $5.6M | $1.4M | $5M | $15.4M | $14.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $18.9K |
| $129.1K |
Patricia Hoard
Managing Editor
$129.1K
Hrs/Wk
50
Compensation
$110.2K
Related Orgs
$0
Other
$18.9K
| 5 |
| $0 |
| $0 |
| $0 |
| $0 |
| Frederick W Beinecke | Director | 5 | $0 | $0 | $0 | $0 |
| Henry Louis Gates Jr | Director | 5 | $0 | $0 | $0 | $0 |
| Joanne Freeman | Director | 5 | $0 | $0 | $0 | $0 |
| Kathleen Kennedy | Director | 5 | $0 | $0 | $0 | $0 |
| Michael Bierut | Director | 5 | $0 | $0 | $0 | $0 |
| Mona Simpson | Director | 5 | $0 | $0 | $0 | $0 |
| Tony Kushner | Director | 5 | $0 | $0 | $0 | $0 |
Amy Davidson Sorkin
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
D Ronald Daniel
Director (outgoing)
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Elihu Rose
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Frederick W Beinecke
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Henry Louis Gates Jr
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Joanne Freeman
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Kathleen Kennedy
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Bierut
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Mona Simpson
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Tony Kushner
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0