Honeoye Public Library

Analysis

Honeoye Public Library is a registered charity in United States, based in Honeoye, NY. It received its IRS tax-exemption ruling in November 2005, 21 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, Honeoye Public Library reported income of $138k and spending of $148k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $130k to $138k (+6.4%), an average of +3.2% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Honeoye Public Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Honor Flight Connecticut ($138k), Habitat for Humanity International Inc ($138k) and Literacy of Love Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.

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.