Huntington Memorial Library Foundation Trust

Analysis

Huntington Memorial Library Foundation Trust is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in June 1994, 32 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 November 2023, Huntington Memorial Library Foundation Trust reported income of $489k and spending of $38k, leaving 92% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income fell from $542k to $489k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to November 2023, when income rose by 83%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntington Memorial Library Foundation Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Enc Inc Syntex Corporation ($489k), Rotary Club of Milwaukee Community TR ($489k) and Luther Terrace Inc ($489k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.0% of the total. Compensation of current officers, directors and key employees was $36k (95% of expenses). At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.