Ringtown Area Library Assn

Analysis

Ringtown Area Library Assn is a registered charity in United States, based in Ringtown, PA. It received its IRS tax-exemption ruling in September 1977, 49 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, Ringtown Area Library Assn reported income of $104k and spending of $94k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $104k (-29%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ringtown Area Library Assn sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Woodbridge Senior High School Band Boosters ($104k), Greater Manchester Colt League ($104k) and Mill Creek PTA Everett Council 7 3 37 ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 0.9% of the total. At year end it held assets of $74k against liabilities of $1,489, net assets of $72k.