Henderson Memorial Public Library

Analysis

Henderson Memorial Public Library is a registered charity in United States, based in Jefferson, OH. It received its IRS tax-exemption ruling in December 1958, 68 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, Henderson Memorial Public Library reported income of $609k and spending of $564k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $598k to $609k (+1.9%), an average of +0.5% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henderson Memorial Public Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include McHenry House Tracy Family Shelter ($609k), Joseph J and Marie P Schedel Foundation ($609k) and Coleman College Ltd ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $109k (19% of expenses). Other salaries and wages came to $6,482. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 14 employees.