Trustees of the Free Public Library of the Borough of Pennington

Analysis

Trustees of the Free Public Library of the Borough of Pennington is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in October 1989, 37 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, Trustees of the Free Public Library of the Borough of Pennington reported income of $232k and spending of $208k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $232k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trustees of the Free Public Library of the Borough of Pennington sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Delta House Life Development of Asheville Inc ($232k), Park District Foundation of Allen County ($232k) and Youth for Christ USA Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $52k (25% of expenses). Other salaries and wages came to $36k. At year end it held assets of $212k against liabilities of $80k, net assets of $132k. It reported 4 employees.