Indian Valley Public Library

Analysis

Indian Valley Public Library is a registered charity in United States, based in Telford, PA. It received its IRS tax-exemption ruling in August 1967, 59 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, Indian Valley Public Library reported income of $1.5m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Indian Valley Public Library sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Delta Upsilon Educational Foundation Inc ($1.5m), Glen Canyon Conservancy ($1.5m) and Angier B Duke Memorial Inc Term ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $96k (6.5% of expenses). Other salaries and wages came to $649k. At year end it held assets of $3.7m against liabilities of $2,808, net assets of $3.7m. It reported 35 employees.