Heritage Public Library Inc

Analysis

Heritage Public Library Inc is a registered charity in United States, based in New Kent, VA. It received its IRS tax-exemption ruling in June 1982, 44 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, Heritage Public Library Inc reported income of $544k and spending of $497k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $437k to $544k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Heritage Public Library Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Cornwall Library Association ($544k), Dynamite Youth Center Foundation Inc ($544k) and West Mount Volunteer Fire Department Inc ($544k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Other salaries and wages came to $304k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 18 employees.