Friends of the Hilton Head Library

Analysis

Friends of the Hilton Head Library is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in May 1972, 54 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 June 2024, Friends of the Hilton Head Library reported income of $111k and spending of $85k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $78k to $111k (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 414%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Hilton Head Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include Merlin and Nora Augustine Foundation for Human Development ($111k), Friends of the Plano Public Library ($111k) and Hispanic Bar Association of Pennsylvania Legal Educational Fun ($111k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 29% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.