Finances

Library - Finances and Governance.

The International Arcade Museum Library Inc. (IAML) strives to lead the pack in terms of financial governance, disclosure, and communication.

There are approximately 1.9 million non-profits in the United States. The IAML consistently scores in the top 10% in terms of fiscal responsbility.

Our expenditures and financial reporting is approved by the IAML board of directors. The management is frugal with all funds, and attempts to minimize expenses and maximize the use of its dollars. All staff, board members, advisors, and committee members are volunteers. Library office space and utilities, including Internet services, are also donated.

The IAML's largest expense are program expenses -- following our mission. Our second largest expense has historically been PayPal fees, which tend to be higher than normal due to our unusually high percentage of very small donations. For a $1 donation, PayPal takes almost half due a high fixed-charge component of their fee, which a $2 donation, for example, only costs a few pennies more.

2024 Year To Date Unaudited Financial Results (through 12/31/2024):

In November 2023, we placed the majority of our reserves into money market accounts which resulted in interest revenue for 2024 to be over 9.3x what it was in 2023, and 113x 2022 interest earnings.

2024 Program Expenditures greatly exceeded revenue for the year as certain initiatives came online. Additionally, some related services rendered before 1/1/2024 were not paid until 2024.

Charity Efficiency Scoring (% of Program Expenses):

Most non-profit watchdog groups recommend that program expense rations for a non-profit organization full within the range of 65% and 75% of total expenses, or higher.

The International Arcade Museum Library consistently scores higher, primarily due to (a) conservative stewardship, and (b) an absence of paid administrative staff.

Previous Year Revenue and Expenses:

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