Adamstown Area Library

Analysis

Adamstown Area Library is a registered charity in United States, based in Adamstown, PA. It received its IRS tax-exemption ruling in November 1997, 29 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, Adamstown Area Library reported income of $421k and spending of $454k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $576k to $421k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adamstown Area Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Ican Dream Foundation Inc ($421k), Sogal Foundation ($421k) and Maywood Cooperative Nursery School Inc ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $62k (14% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.8m against liabilities of $395k, net assets of $1.4m. It reported 16 employees.