Myerstown Community Library Association

Analysis

Myerstown Community Library Association is a registered charity in United States, based in Myerstown, PA. It received its IRS tax-exemption ruling in January 1966, 60 years ago. 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, Myerstown Community Library Association reported income of $182k and spending of $185k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $152k to $182k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Myerstown Community Library Association sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Mission City Community Fund ($182k), Bellevue International School Ptsa 2 3 121 ($182k) and Valhalla Veterans Services ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 3.7% of the total. Other salaries and wages came to $112k. At year end it held assets of $2.8m against liabilities of $6,999, net assets of $2.8m. It reported 10 employees.