Sayre Public Library

Analysis

Sayre Public Library is a registered charity in United States, based in Sayre, PA. It received its IRS tax-exemption ruling in August 1985, 41 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, Sayre Public Library reported income of $199k and spending of $289k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $199k (-8.7%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sayre Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Transforming Leaders Academy Inc ($199k), United Spiritual Kingdom Inc ($199k) and Little League Baseball Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 2.4% of the total. Other salaries and wages came to $123k. At year end it held assets of $2.0m against liabilities of $383, net assets of $2.0m. It reported 10 employees.