Avon Grove Library

Analysis

Avon Grove Library is a registered charity in United States, based in West Grove, PA. It received its IRS tax-exemption ruling in February 1966, 60 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, Avon Grove Library reported income of $490k and spending of $455k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $490k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Avon Grove Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include DC Preservation League ($490k), Builders Exchange Foundation ($490k) and Indian Dispute Resolution Services Inc ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $95k (21% of expenses). Other salaries and wages came to $168k. At year end it held assets of $1.3m against liabilities of $3, net assets of $1.3m. It reported 18 employees.