Middletown Free Library Assoc Inc

Analysis

Middletown Free Library Assoc Inc is a registered charity in United States, based in Media, PA. It received its IRS tax-exemption ruling in September 1963, 63 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, Middletown Free Library Assoc Inc reported income of $693k and spending of $514k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $669k to $693k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Middletown Free Library Assoc Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Victory Lakeside Inc ($693k), The Carr Center Inc ($693k) and Hillel the Foundation for Jewish Campus Life ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $210k. At year end it held assets of $1.4m against liabilities of $498, net assets of $1.4m. It reported 16 employees.