Franklin County Library System

Analysis

Franklin County Library System is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in January 1964, 62 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, Franklin County Library System reported income of $3.3m and spending of $3.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Franklin County Library System sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Association of Missouri Charterschools ($3.3m), Capital Area School for the Arts Charter School ($3.3m) and Roessler-Chadwick Foundation Group ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $92k (2.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 82 employees.