Nita Stewart Haley Memorial Library

Analysis

Nita Stewart Haley Memorial Library is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in December 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, Nita Stewart Haley Memorial Library reported income of $788k and spending of $503k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $762k to $788k (+3.4%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nita Stewart Haley Memorial Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Casas Del Rio ($788k), Gujarati Samaj of Tampa Bay Inc ($788k) and Cameron Council on the Aging Inc ($788k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $91k (18% of expenses). Other salaries and wages came to $103k. At year end it held assets of $12.7m against liabilities of $5,194, net assets of $12.7m. It reported 7 employees.