Narberth Community Library Inc

Analysis

Narberth Community Library Inc is a registered charity in United States, based in Narberth, PA. It received its IRS tax-exemption ruling in January 2000, 26 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, Narberth Community Library Inc reported income of $304k and spending of $333k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $304k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, Narberth Community Library Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Presence ($304k), Yazoo Library Association ($304k) and Bama Works Fund ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.9% of the total. Other salaries and wages came to $188k. At year end it held assets of $552k against liabilities of $19k, net assets of $533k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.