Montgomery County Library and Information Network Consortium

Analysis

Montgomery County Library and Information Network Consortium is a registered charity in United States, based in Ft Washington, PA. It received its IRS tax-exemption ruling in February 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, Montgomery County Library and Information Network Consortium reported income of $875k and spending of $832k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $718k to $875k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Montgomery County Library and Information Network Consortium sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include As-Sabeel Academy of Greenville ($875k), Willow School Inc ($875k) and Faculty Association of California Community Colleges-Educ Institute ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $172k. At year end it held assets of $663k against liabilities of $6,475, net assets of $657k. It reported 4 employees.