Alexander Hamilton Memorial Free Library

Analysis

Alexander Hamilton Memorial Free Library is a registered charity in United States, based in Waynesboro, PA. It received its IRS tax-exemption ruling in October 1926, 100 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, Alexander Hamilton Memorial Free Library reported income of $659k and spending of $519k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $659k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alexander Hamilton Memorial Free Library sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Action League of Bellingham ($659k), Puritan Organized Labor Senior House Inc ($659k) and Work of Christ Community ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $31k (6.0% of expenses). Other salaries and wages came to $231k. At year end it held assets of $1.5m against liabilities of $1,430, net assets of $1.5m. It reported 16 employees.