Hershey Library Endownment Trust

Analysis

Hershey Library Endownment Trust is a registered charity in United States, based in Hershey, PA. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hershey Library Endownment Trust reported income of $709k and spending of $85k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $709k (+433%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 744%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hershey Library Endownment Trust sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Lakeside Chautauqua Foundation ($708k), Caring for Colorado Centennial Fund ($709k) and Foothills Service Project ($708k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.