Exeter Library Association

Analysis

Exeter Library Association is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in June 1999, 27 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, Exeter Library Association reported income of $630k and spending of $618k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $517k to $630k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 21%. 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, Exeter Library Association sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Code313 Inc ($630k), Hills Academy Foundation ($630k) and Coalition for D C Representation Education Fund ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Other salaries and wages came to $304k. At year end it held assets of $655k against liabilities of $0, net assets of $655k. It reported 17 employees.