Hampton Bays Public Library

Analysis

Hampton Bays Public Library is a registered charity in United States, based in Hampton Bays, NY. It received its IRS tax-exemption ruling in July 1961, 65 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, Hampton Bays Public Library reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.6m (+3.1%), an average of +0.8% 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, Hampton Bays Public Library sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Best Foot Forward Foundation Inc ($2.6m), Kochavim Inc ($2.6m) and Shaarei Zion Institutions Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $121k (4.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.1m against liabilities of $153k, net assets of $3.0m. It reported 56 employees.