Harvard Public Library Trust Inc

Analysis

Harvard Public Library Trust Inc is a registered charity in United States, based in Harvard, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harvard Public Library Trust Inc reported income of $645k and spending of $157k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $91k to $645k (+613%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 297%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harvard Public Library Trust 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 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include McMinnville Montessori School ($645k), Trinity Academy Inc ($645k) and California University Silicon Valley ($645k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $3.7m against liabilities of $114, net assets of $3.7m.