The Memorial Library of Radnor TWP

Analysis

The Memorial Library of Radnor TWP is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in June 1955, 71 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Memorial Library of Radnor TWP reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Memorial Library of Radnor TWP sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Amethyst House Inc ($1.5m), Boys & Girls Club of Danville Illinois ($1.5m) and Laramie Interfaith ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.1% of the total. Other salaries and wages came to $842k. At year end it held assets of $12.5m against liabilities of $213k, net assets of $12.3m. It reported 52 employees.