Heermance Memorial Library

Analysis

Heermance Memorial Library is a registered charity in United States, based in Coxsackie, NY. It received its IRS tax-exemption ruling in January 2003, 23 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 December 2023, Heermance Memorial Library reported income of $310k and spending of $297k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $310k (+15%), an average of +3.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heermance Memorial Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include North Dakota Center for Nursing ($310k), Cedarburg Education Foundation Inc ($310k) and Asianetwork Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $66k (22% of expenses). Other salaries and wages came to $102k. At year end it held assets of $542k against liabilities of $22k, net assets of $520k. It reported 9 employees.