Hoyt Library

Analysis

Hoyt Library is a registered charity in United States, based in Kingston, PA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hoyt Library reported income of $562k and spending of $647k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $562k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoyt Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Artwell Collaborative Inc ($562k), The Foundation for Post-Acute and Long-Term Care Medicine ($562k) and Arizona Chapter Associated General Contractors of America Inc Appren ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $97k (15% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.7m against liabilities of $39k, net assets of $3.7m. It reported 20 employees.