Public Library of Phoenixville

Analysis

Public Library of Phoenixville is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2023, Public Library of Phoenixville reported income of $1.7m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+68%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Library of Phoenixville sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Temple College Foundation ($1.7m), Families on the Move of New York City ($1.7m) and Forest Ranch Charter School ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $84k (7.4% of expenses). Other salaries and wages came to $503k. At year end it held assets of $2.1m against liabilities of $28k, net assets of $2.1m.