Hanover Public Library Association Inc

Analysis

Hanover Public Library Association Inc is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in January 1969, 57 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 December 2023, Hanover Public Library Association Inc reported income of $165k and spending of $225k, spending 137% of what it took in. Across the 6 years on record, from March 2019 to December 2023, income fell from $405k to $165k (-59%), an average of -16% a year. The sharpest change came in the year to March 2022, when income rose by 93%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanover Public Library Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Mount Tahoma Trails Association ($165k), Ifa Foundation ($165k) and Soccer Village Foundation ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. It paid $1,463 in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $59k, net assets of $3.9m.