Newfoundland Area Public Library

Analysis

Newfoundland Area Public Library is a registered charity in United States, based in Newfoundland, PA. It received its IRS tax-exemption ruling in December 1979, 47 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, Newfoundland Area Public Library reported income of $120k and spending of $108k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $120k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newfoundland Area Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Art League of Daytona Beach Inc ($120k), Kentucky Foundation for Medical Care Inc ($120k) and Morton County Historical Society Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $327k against liabilities of $800, net assets of $326k.