Bucks County Free Library

Analysis

Bucks County Free Library is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in December 1991, 35 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, Bucks County Free Library reported income of $10.5m and spending of $10.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $10.5m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bucks County Free Library sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include The New Canaan Community Young Mens Christian Association Inc ($10.5m), Ucp Bayville Incorporated ($10.5m) and The Information Center Inc the Family Resource Place ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $546k (5.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $22.0m against liabilities of $682k, net assets of $21.3m. It reported 154 employees.