Chester Springs Library

Analysis

Chester Springs Library is a registered charity in United States, based in Chester SPRGS, PA. It received its IRS tax-exemption ruling in December 1991, 35 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, Chester Springs Library reported income of $215k and spending of $201k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $215k (+2.2%), an average of +0.5% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chester Springs Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Wah Yun Culture and Arts Academy ($215k), Home and School Association of the Borough of Medford Lakes Inc ($215k) and Southern Arkansas University Tech Foundation ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $71k (35% of expenses). Other salaries and wages came to $47k. At year end it held assets of $538k against liabilities of $0, net assets of $538k. It reported 7 employees.