Hyannis Public Library Association

Analysis

Hyannis Public Library Association is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in March 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Hyannis Public Library Association reported income of $1.9m and spending of $940k, leaving 52% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $613k to $1.9m (+217%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 289%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hyannis Public Library Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Winter Sports School in Park City ($1.9m), Center for Furniture Craftsmanship ($1.9m) and Delaware Valley Classical Schools Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Other salaries and wages came to $416k. At year end it held assets of $4.6m against liabilities of $96k, net assets of $4.5m. It reported 17 employees.