The Henry Miller Memorial Library

Analysis

The Henry Miller Memorial Library is a registered charity in United States, based in Big Sur, CA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, The Henry Miller Memorial Library reported income of $355k and spending of $320k, spending 90% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $335k to $355k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Henry Miller Memorial Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Orange County Womens Chorus ($355k), Composers Now Inc ($356k) and Sounds Like LA ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $108k (34% of expenses). Other salaries and wages came to $58k. At year end it held assets of $2.5m against liabilities of $22k, net assets of $2.5m. It reported 4 employees.