Mercersburg Library Association Inc

Analysis

Mercersburg Library Association Inc is a registered charity in United States, based in Mercersburg, PA. It received its IRS tax-exemption ruling in December 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 August 2024, Mercersburg Library Association Inc reported income of $82k and spending of $125k, spending 152% of what it took in. Across the 6 years on record, from August 2018 to August 2024, income grew from $51k to $82k (+61%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 103%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercersburg Library Association Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Wsyb Christmas Fund Incorporated ($82k), New Canaan Fire Company Number 1 of New Canaan Connecticut ($82k) and Building Change ($82k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 82% and program service revenue 0.7% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.