Hendrick Hudson Free Library

Analysis

Hendrick Hudson Free Library is a registered charity in United States, based in Montrose, NY. It received its IRS tax-exemption ruling in January 1967, 59 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 June 2024, Hendrick Hudson Free Library reported income of $2.2m and spending of $1.6m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $2.2m (+29%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hendrick Hudson Free Library 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 83rd percentile within NY. Charities of a similar size with the same main cause include New Education for the Workplace Inc ($2.2m), Grenada Educational Foundation Inc ($2.2m) and Summit Academy Community School for Alternative Learners-Canton ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $109k (6.6% of expenses). Other salaries and wages came to $531k. At year end it held assets of $6.8m against liabilities of $1.6m, net assets of $5.2m. It reported 33 employees.