Spring City Free Public Library

Analysis

Spring City Free Public Library is a registered charity in United States, based in Spring City, PA. It received its IRS tax-exemption ruling in May 1987, 39 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, Spring City Free Public Library reported income of $184k and spending of $199k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $184k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spring City Free Public Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Castro Valley Arts Foundation ($184k), Mike Campbell Ministries ($184k) and Ptsa Connecticut Congress ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $35k (18% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 10 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.