Highland Falls Library

Analysis

Highland Falls Library is a registered charity in United States, based in Highland FLS, NY. It received its IRS tax-exemption ruling in December 1950, 76 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, Highland Falls Library reported income of $268k and spending of $288k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $336k to $268k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highland Falls Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include San Clemente Educational Foundation ($268k), Tbi Warrior Foundation ($268k) and Texas Apartment Association Education Foundation ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Other salaries and wages came to $152k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.