Abington Library Society Inc

Analysis

Abington Library Society Inc is a registered charity in United States, based in Jenkintown, PA. It received its IRS tax-exemption ruling in August 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abington Library Society Inc reported income of $450k and spending of $417k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $450k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Abington Library Society Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Friends of the Palo Alto Public Library ($450k), Elite Kids Academy ($450k) and Gordon a Rich Memorial Foundation ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $56k (13% of expenses). Other salaries and wages came to $142k. At year end it held assets of $817k against liabilities of $12k, net assets of $805k. It reported 10 employees.