Lebanon Community Library Association

Analysis

Lebanon Community Library Association is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in December 1960, 66 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, Lebanon Community Library Association reported income of $771k and spending of $863k, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $608k to $771k (+27%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lebanon Community Library Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Boy Scouts of America ($771k), Southern Federal Tax Institute Inc ($771k) and Council Bluffs Public Library Foundation ($771k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $2.6m against liabilities of $2,006, net assets of $2.6m. It reported 26 employees.