Penn Wynne Library Assn

Analysis

Penn Wynne Library Assn is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in October 1962, 64 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, Penn Wynne Library Assn reported income of $64k and spending of $57k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $64k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn Wynne Library Assn sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include Haitian Heritage Museum Corp ($64k), Hope for Hearts Farm Inc ($64k) and Panther Athletic Club ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.