Delanco Library Association

Analysis

Delanco Library Association is a registered charity in United States, based in Delanco, NJ. It received its IRS tax-exemption ruling in October 1972, 54 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, Delanco Library Association reported income of $105k and spending of $113k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $105k (+2.9%), an average of +2.9% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delanco Library Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Quintessence Choral Artists of the Southwest ($105k), Fourth Fest of Greater Racine Inc ($105k) and Vet First Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (65% of expenses). At year end it held assets of $112k against liabilities of $0, net assets of $112k. It reported 6 employees.