Schwenkenfelder Library and Heritage Center

Analysis

Schwenkenfelder Library and Heritage Center is a registered charity in United States, based in Pennsburg, PA. It received its IRS tax-exemption ruling in July 1955, 71 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 March 2024, Schwenkenfelder Library and Heritage Center reported income of $601k and spending of $918k, spending 153% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.2m to $601k (-72%), an average of -27% a year. The sharpest change came in the year to March 2024, when income dropped by 42%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schwenkenfelder Library and Heritage Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Bentonville Band Boosters ($601k), Zimmerman School House Inc ($601k) and Njiec Education and Training Center ($601k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 72% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $64k (7.0% of expenses). Other salaries and wages came to $282k. At year end it held assets of $12.5m against liabilities of $92k, net assets of $12.4m. It reported 13 employees.