Tamaqua Public Library

Analysis

Tamaqua Public Library is a registered charity in United States, based in Tamaqua, PA. It received its IRS tax-exemption ruling in July 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tamaqua Public Library reported income of $242k and spending of $240k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $242k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tamaqua Public Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Sikeston Public Schools Foundation ($242k), Falls City Isd Education Foundation ($242k) and Uss Iowa Ssn-797 Commissioning Committee ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.0m against liabilities of $2,453, net assets of $1.0m. It reported 17 employees.