Quarryville Library Center

Analysis

Quarryville Library Center is a registered charity in United States, based in Quarryville, PA. It received its IRS tax-exemption ruling in May 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, Quarryville Library Center reported income of $406k and spending of $386k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $406k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Quarryville Library Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($406k), Christian Housing Inc ($406k) and North Penn Volunteer Fire Co ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $90k (23% of expenses). Other salaries and wages came to $120k. At year end it held assets of $1.5m against liabilities of $42k, net assets of $1.4m. It reported 12 employees.