Pittston Memorial Library

Analysis

Pittston Memorial Library is a registered charity in United States, based in Pittston, PA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pittston Memorial Library reported income of $240k and spending of $230k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $240k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pittston Memorial Library sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Ikuna Group ($240k), Harvard Business School Assoc of Southern California ($240k) and Ballard High School Ptsa Seattle Council 615460 ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $78k. It paid $11k in professional fundraising fees. At year end it held assets of $455k against liabilities of $7,481, net assets of $448k.