Ephrata Public Library

Analysis

Ephrata Public Library is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, Ephrata Public Library reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $997k to $1.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ephrata Public Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Petaluma Educational FDN ($1.2m), Sussex Christian School Assn ($1.2m) and Wilm Academy of Arts & Science ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $110k (8.2% of expenses). Other salaries and wages came to $558k. At year end it held assets of $1.4m against liabilities of $144k, net assets of $1.3m. It reported 29 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.