Pennsville Public Library

Analysis

Pennsville Public Library is a registered charity in United States, based in Pennsville, NJ. It received its IRS tax-exemption ruling in August 2022, 4 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, Pennsville Public Library reported income of $103k and spending of $134k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $103k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 141% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsville Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Corvallis Schools Foundation ($103k), Boerne High School Band Boosters ($103k) and Living Tree Academy ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.