Library System of Lancaster County

Analysis

Library System of Lancaster County is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 1988, 38 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, Library System of Lancaster County reported income of $5.0m and spending of $4.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.0m (+29%), an average of +6.5% a year. 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, Library System of Lancaster County sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Hampshire Regional Young Mens Christian Association ($5.0m), Elkhart County Youth for Christ ($5.0m) and Brehm Preparatory School Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $224k (4.7% of expenses). Other salaries and wages came to $947k. At year end it held assets of $3.0m against liabilities of $735k, net assets of $2.2m. It reported 26 employees.