Hazard Library Association

Analysis

Hazard Library Association is a registered charity in United States, based in Poplar Ridge, NY. It received its IRS tax-exemption ruling in May 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hazard Library Association reported income of $93k and spending of $98k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $93k (-3.6%), an average of -3.6% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hazard Library Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Comunidad Cristiana Agape Inc ($93k), Eastcare III Inc ($93k) and Baltimore Community Kollel for Mechanchim Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.0% of the total. At year end it held assets of $434k against liabilities of $0, net assets of $434k.