BHM Regional Library Inc

Analysis

BHM Regional Library Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in July 2019, 7 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 2023, BHM Regional Library Inc reported income of $1.2m and spending of $1.1m, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $877k to $1.2m (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BHM Regional Library Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Bronco Foundation ($1.2m), Stars Autism Schools Foundation Inc ($1.2m) and Lake County International Charter School ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.4% of the total. At year end it held assets of $777k against liabilities of $553, net assets of $776k. It reported 41 employees.