Montgomery County Norristown Public Library

Analysis

Montgomery County Norristown Public Library is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in June 1965, 61 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, Montgomery County Norristown Public Library reported income of $11.3m and spending of $5.2m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $11.3m (+136%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery County Norristown Public Library sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Caravel Academy Inc ($11.3m), Santa Rosa Junior College Foundation ($11.3m) and Island Institute ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $112k (2.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $11.1m against liabilities of $599k, net assets of $10.5m. It reported 101 employees.