Hay Memorial Library of Sackets Harbor

Analysis

Hay Memorial Library of Sackets Harbor is a registered charity in United States, based in Sackets Harbor, NY. It received its IRS tax-exemption ruling in May 1976, 50 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, Hay Memorial Library of Sackets Harbor reported income of $88k and spending of $83k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $88k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hay Memorial Library of Sackets Harbor sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($88k), American Inns of Court Foundation ($88k) and Catholic Family Services Nonprofit Housing Corporation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $410k against liabilities of $1,352, net assets of $408k.