Highland County Library Inc

Analysis

Highland County Library Inc is a registered charity in United States, based in Monterey, VA. It received its IRS tax-exemption ruling in April 1985, 41 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, Highland County Library Inc reported income of $201k and spending of $198k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $169k to $201k (+19%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland County Library Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Watkins Memorial Athletic Association Inc ($201k), Elk County Council on Aging Inc ($201k) and Iowa Cattlemens Foundation Inc ($201k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $62k (31% of expenses). Other salaries and wages came to $31k. At year end it held assets of $331k against liabilities of $0, net assets of $331k. It reported 5 employees.