Hamlin Memorial Library

Analysis

Hamlin Memorial Library is a registered charity in United States, based in Smethport, PA. It received its IRS tax-exemption ruling in August 1990, 36 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, Hamlin Memorial Library reported income of $69k and spending of $98k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $69k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hamlin Memorial Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Virginia Science Education Leadership Association ($69k), Martha Jones School PTO Inc ($69k) and Congdon Park Elementary School Duluth Foundation ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $29k (30% of expenses). Other salaries and wages came to $7,279. At year end it held assets of $997k against liabilities of $293, net assets of $997k. It reported 2 employees.