Abington Community Library Assn

Analysis

Abington Community Library Assn is a registered charity in United States, based in Clarks Summit, PA. It received its IRS tax-exemption ruling in February 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, Abington Community Library Assn reported income of $774k and spending of $862k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $774k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abington Community Library Assn sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include The Edina Community Foundation ($774k), Warrior Bonfire Project ($774k) and Movability Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $68k (7.9% of expenses). Other salaries and wages came to $371k. At year end it held assets of $1.7m against liabilities of $68k, net assets of $1.7m. It reported 21 employees.