Northeast Harbor Library

Analysis

Northeast Harbor Library is a registered charity in United States, based in Ne Harbor, ME. It received its IRS tax-exemption ruling in December 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeast Harbor Library reported income of $922k and spending of $808k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $803k to $922k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Harbor Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include The Teachers Lounge Inc ($922k), Community Engagement Partners ($922k) and Hoke County Partnership for Children & Families ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 0.7% of the total. Other salaries and wages came to $293k. At year end it held assets of $11.3m against liabilities of $30k, net assets of $11.2m. It reported 12 employees.