Palmerton Area Library Association

Analysis

Palmerton Area Library Association is a registered charity in United States, based in Palmerton, PA. It received its IRS tax-exemption ruling in April 1978, 48 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, Palmerton Area Library Association reported income of $210k and spending of $236k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $290k to $210k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmerton Area Library Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Mental Health Association of Mercer County ($210k), North Fremont Education Foundation Inc ($210k) and Hendersonville Theatre ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $41k (17% of expenses). Other salaries and wages came to $76k. At year end it held assets of $786k against liabilities of $8,435, net assets of $778k. It reported 10 employees.