Hepburn Library of Madrid

Analysis

Hepburn Library of Madrid is a registered charity in United States, based in Madrid, NY. It received its IRS tax-exemption ruling in March 2016, 10 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, Hepburn Library of Madrid reported income of $147k and spending of $72k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $147k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hepburn Library of Madrid sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Gale Healthcare Foundation Inc ($147k), Moore Haven High School Scholarship Organization Inc ($147k) and PTA California Congress of Parents Teachers & Students Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $461k against liabilities of $7,000, net assets of $454k.