East Hampton Library

Analysis

East Hampton Library is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in October 1961, 65 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 December 2023, East Hampton Library reported income of $3.7m and spending of $4.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Hampton Library sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include North East Community Center Inc ($3.7m), James F Farr Academy Inc ($3.7m) and Oak Manor Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $227k (5.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $16.6m against liabilities of $292k, net assets of $16.3m. It reported 46 employees.