Penna Library Association

Analysis

Penna Library Association is a registered charity in United States, based in Mechanicsburg, PA. It received its IRS tax-exemption ruling in January 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Penna Library Association reported income of $807k and spending of $725k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $899k to $807k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penna Library Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Maine Environmental Education Association ($807k), Yukon-Kuskokwim Delta Tribal Broadband Consortium ($808k) and Cecil Anchorpoint Inc ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $98k (13% of expenses). Other salaries and wages came to $181k. At year end it held assets of $792k against liabilities of $166k, net assets of $626k. It reported 8 employees.