Hudson Library of Highlands NC Inc

Analysis

Hudson Library of Highlands NC Inc is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in April 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hudson Library of Highlands NC Inc reported income of $161k and spending of $190k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $151k to $161k (+6.3%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hudson Library of Highlands NC Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include The United Hands Youth Center ($161k), Community Choice Foundation ($161k) and Bulgarian Childrens Chorus and School Gergana Inc ($161k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 25% of the total. At year end it held assets of $2.8m against liabilities of $541, net assets of $2.8m.