George Hail Library

Analysis

George Hail Library is a registered charity in United States, based in Warren, RI. It received its IRS tax-exemption ruling in November 1973, 53 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 2024, George Hail Library reported income of $590k and spending of $466k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $590k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George Hail Library 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 RI. Charities of a similar size with the same main cause include Boston Bruins Alumni Association ($590k), Alabama Jazz Hall of Fame Inc ($590k) and Dixon Public School District 170 Foundation ($590k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 0.8% of the total. Other salaries and wages came to $249k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 18 employees.