Lancaster Public Library

Analysis

Lancaster Public Library is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in November 1941, 85 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 December 2023, Lancaster Public Library reported income of $5.2m and spending of $2.5m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $5.2m (+125%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lancaster Public Library sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include San Antonio Education Fund ($5.2m), Delta School ($5.2m) and Esthers School Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $98k (4.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $15.4m against liabilities of $3.4m, net assets of $12.0m. It reported 38 employees.