Wyomissing Public Library

Analysis

Wyomissing Public Library is a registered charity in United States, based in Wyomissing, PA. It received its IRS tax-exemption ruling in March 1988, 38 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, Wyomissing Public Library reported income of $379k and spending of $330k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $379k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wyomissing Public Library sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Feed the Hungry Project ($379k), Visiting Neighbors Inc ($379k) and Case Western Reserve University Endowment Trust for Distinguished ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. Other salaries and wages came to $186k. At year end it held assets of $465k against liabilities of $139, net assets of $465k. It reported 12 employees.