Highland Public Library

Analysis

Highland Public Library is a registered charity in United States, based in Highland, NY. It received its IRS tax-exemption ruling in September 1988, 38 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 Public Library reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.0m (+13%), an average of +3.2% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highland Public Library sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Diverse Learners Cooperative ($1.0m), Searching for Solutions Institute Inc ($1.0m) and Eagle County Junior Livestock ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $99k (9.7% of expenses). Other salaries and wages came to $334k. At year end it held assets of $4.8m against liabilities of $3.5m, net assets of $1.3m. It reported 16 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.