Malvern Public Library

Analysis

Malvern Public Library is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in November 1984, 42 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, Malvern Public Library reported income of $637k and spending of $349k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $637k (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Malvern Public Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Saratoga Education Foundation ($637k), Friends of the Dallas Public Library Inc ($637k) and Mount St Marys Child Care Center Inc ($637k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $54k (16% of expenses). Other salaries and wages came to $118k. At year end it held assets of $841k against liabilities of -$67, net assets of $841k. It reported 15 employees.