Valley Community Library

Analysis

Valley Community Library is a registered charity in United States, based in Peckville, PA. It received its IRS tax-exemption ruling in July 1989, 37 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, Valley Community Library reported income of $570k and spending of $635k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $461k to $570k (+23%), an average of +5.4% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Community Library sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($570k), Noblesville Schools Educational Foundation Inc ($570k) and Lead Ohio Foundation ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $58k (9.1% of expenses). Other salaries and wages came to $284k. At year end it held assets of $1.5m against liabilities of $122k, net assets of $1.3m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.