Kutztown Community Library Inc

Analysis

Kutztown Community Library Inc is a registered charity in United States, based in Kutztown, PA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kutztown Community Library Inc reported income of $413k and spending of $369k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $413k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kutztown Community Library Inc 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 Putnam County Bread of Life Inc ($413k), American Institute of Floral Designers Foundation Inc ($413k) and West Manheim Housing Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Other salaries and wages came to $227k. At year end it held assets of $540k against liabilities of $0, net assets of $540k. It reported 8 employees.