Pottstown Regional Public Library

Analysis

Pottstown Regional Public Library is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in July 1947, 79 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, Pottstown Regional Public Library reported income of $784k and spending of $912k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $784k (+18%), an average of +4.2% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pottstown Regional Public Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Foundation for the Jewish Elderly of Eastern Pa ($784k), Shepherds Clinic Inc ($785k) and New Jersey School Buildings & Grounds Association Inc ($784k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $65k (7.1% of expenses). Other salaries and wages came to $402k. It paid $11k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $29k, net assets of $1.0m. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.