Sarah Hull Hallock Free Library

Analysis

Sarah Hull Hallock Free Library is a registered charity in United States, based in Milton, NY. It received its IRS tax-exemption ruling in December 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, Sarah Hull Hallock Free Library reported income of $268k and spending of $275k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $268k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarah Hull Hallock Free Library sits at the 58th percentile: it is larger than about 58% 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 American Foundation for the National Museums Scotland ($268k), Friends of Oakland Foundation Inc ($268k) and Cuttyhunk Yacht Club Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $41k. At year end it held assets of $602k against liabilities of $61, net assets of $602k. It reported 8 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.