Holly Beach Public Library Association

Analysis

Holly Beach Public Library Association is a registered charity in United States, based in Wildwood, NJ. It received its IRS tax-exemption ruling in November 1973, 53 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, Holly Beach Public Library Association reported income of $445k and spending of $235k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $445k (-76%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holly Beach Public Library Association sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Westfield Washington Education Development Foundation Inc ($445k), Amigos Del Valle Housing Development Corporation Inc ($445k) and Williston Coyote Foundation a North Dakota Corporation ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. At year end it held assets of $18.8m against liabilities of $0, net assets of $18.8m.