Paul Smith Library of Syc

Analysis

Paul Smith Library of Syc is a registered charity in United States, based in Shrewsbury, PA. It received its IRS tax-exemption ruling in January 2001, 25 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, Paul Smith Library of Syc reported income of $225k and spending of $280k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $225k (+5.6%), an average of +1.4% a year. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paul Smith Library of Syc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Construction Career Days Northeast Florida Inc ($225k), Shelburne Nursery School ($225k) and Chabad Girls Academy Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 5.3% of the total. Other salaries and wages came to $137k. At year end it held assets of $964k against liabilities of $11k, net assets of $953k. It reported 12 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.