South Hero Library Foundation

Analysis

South Hero Library Foundation is a registered charity in United States, based in South Hero, VT. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, South Hero Library Foundation reported income of $121k and spending of $54k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $143k to $121k (-15%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Hero Library Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 32nd percentile within VT. Charities of a similar size with the same main cause include Takeoff Institute Inc ($121k), Ryan T Lee Memorial Foundation Inc ($121k) and Parent Faculty Association of Pascack Hills High School ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $765k against liabilities of $63k, net assets of $703k.