Hampton Library in Bridgehampton Inc

Analysis

Hampton Library in Bridgehampton Inc is a registered charity in United States, based in Bridgehampton, NY. It received its IRS tax-exemption ruling in September 1943, 83 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 Library in Bridgehampton Inc reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hampton Library in Bridgehampton Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include St Joseph Hospital Foundation Inc ($2.2m), Forest Grove Community School ($2.2m) and Eller Executive Education ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.1% of the total. Other salaries and wages came to $715k. At year end it held assets of $10.0m against liabilities of $28k, net assets of $10.0m. It reported 22 employees.