North Haven Library Inc

Analysis

North Haven Library Inc is a registered charity in United States, based in North Haven, ME. It received its IRS tax-exemption ruling in August 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, North Haven Library Inc reported income of $610k and spending of $62k, leaving 90% of income unspent that year. Across the 3 years on record, from July 2021 to July 2023, income grew from $90k to $610k (+580%), an average of +161% a year. The sharpest change came in the year to July 2023, when income rose by 338%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Haven Library Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Skinner Leadership Institute Inc ($610k), Children in Placement Connecticut Inc ($610k) and The Carpenters Boatshop ($610k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $20k. It paid $2,385 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $966, net assets of $1.1m. It reported 1 employees.