North Wales Area Library

Analysis

North Wales Area Library is a registered charity in United States, based in North Wales, PA. It received its IRS tax-exemption ruling in February 1978, 48 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, North Wales Area Library reported income of $284k and spending of $309k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $284k (-9.7%), an average of -2.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Wales Area Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Sacred Heart Cathedral Foundation Inc ($284k), PTA California Congress of Parents Teachers & Students Inc ($284k) and 405 Oak Street Center Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $55k (18% of expenses). Other salaries and wages came to $100k. At year end it held assets of $2.5m against liabilities of $420, net assets of $2.5m. It reported 14 employees.