The Alleghany Highlands Regional Library Inc

Analysis

The Alleghany Highlands Regional Library Inc is a registered charity in United States, based in Covington, VA. It received its IRS tax-exemption ruling in February 1954, 72 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 June 2024, The Alleghany Highlands Regional Library Inc reported income of $441k and spending of $432k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $361k to $441k (+22%), an average of +5.1% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Alleghany Highlands Regional Library Inc sits at the 66th 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 68th percentile within VA. Charities of a similar size with the same main cause include East Side Institute for Group and Short Term Psychotherapy ($441k), Dream It Be It Incorporated ($441k) and Paid in Full Oregon ($441k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $76k (17% of expenses). Other salaries and wages came to $90k. At year end it held assets of $872k against liabilities of $198k, net assets of $674k. It reported 9 employees.