Taylor Community Library Association

Analysis

Taylor Community Library Association is a registered charity in United States, based in Taylor, PA. It received its IRS tax-exemption ruling in February 1983, 43 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, Taylor Community Library Association reported income of $355k and spending of $345k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $355k (+9.8%), an average of +2.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taylor Community Library Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Filipino Community Inc ($355k), Williamsburg Manor Inc ($355k) and Stage Center ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $65k (19% of expenses). Other salaries and wages came to $139k. At year end it held assets of $154k against liabilities of $33k, net assets of $121k. It reported 12 employees.