Mt Carmel Public Library Inc

Analysis

Mt Carmel Public Library Inc is a registered charity in United States, based in Mt Carmel, PA. It received its IRS tax-exemption ruling in November 1973, 53 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, Mt Carmel Public Library Inc reported income of $158k and spending of $112k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $180k to $158k (-13%), an average of -4.4% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Carmel Public Library Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Marielders Inc ($158k), Philharmonic Society of St Louis ($158k) and Alpha Gamma Rho Educational Foundation of Iota Chapter Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $54k. At year end it held assets of $477k against liabilities of $1,089, net assets of $476k. It reported 8 employees.