Ludington Public Library

Analysis

Ludington Public Library is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in February 1953, 73 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, Ludington Public Library reported income of $471k and spending of $245k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $471k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ludington Public Library sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Masjidullahs New Medina Learning Institute ($471k), Violeta Montessori School Inc ($471k) and South Sudanese Enrichment for Families Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 5.1% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.