Community Library of the Shenango Valley

Analysis

Community Library of the Shenango Valley is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in October 2008, 18 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, Community Library of the Shenango Valley reported income of $804k and spending of $623k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $804k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Library of the Shenango Valley sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Institute for Modern Psychoanalysis of Philadelphia ($803k), Montessori School for Young Children Inc ($804k) and Transitions Inc ($803k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $53k (8.5% of expenses). Other salaries and wages came to $298k. At year end it held assets of $628k against liabilities of $0, net assets of $628k. It reported 20 employees.