Howe Library

Analysis

Howe Library is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in January 1945, 81 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 June 2023, Howe Library reported income of $359k and spending of $413k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $472k to $359k (-24%), an average of -8.7% a year. The sharpest change came in the year to June 2022, when income dropped by 68%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Howe Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within NH. Charities of a similar size with the same main cause include American College Dance Association Inc ($359k), Marshall-Saline Development Corp ($359k) and Sfpe Educational and Scientific Foundation Inc ($359k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $29k. At year end it held assets of $8.3m against liabilities of $2,367, net assets of $8.3m. It reported 1 employees.