Lycoming County Library System

Analysis

Lycoming County Library System is a registered charity in United States, based in Williamsport, PA. It received its IRS tax-exemption ruling in April 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, Lycoming County Library System reported income of $160k and spending of $154k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $190k to $160k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lycoming County Library System sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Flower Mound High School Theatrebooster Club ($160k), Hoover Instrumental Music Association ($160k) and Blair Public Library Foundation ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $40k. At year end it held assets of $330k against liabilities of $1,699, net assets of $329k. It reported 3 employees.