Downingtown Library Company

Analysis

Downingtown Library Company is a registered charity in United States, based in Downingtown, PA. It received its IRS tax-exemption ruling in June 1987, 39 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, Downingtown Library Company reported income of $512k and spending of $406k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $512k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Downingtown Library Company 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 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Suginoko Preschool ($512k), Charter System Foundation Inc ($512k) and MC Donell High School Foundation Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Other salaries and wages came to $173k. At year end it held assets of $496k against liabilities of $0, net assets of $496k. It reported 19 employees.