Oxford Library Co

Analysis

Oxford Library Co is a registered charity in United States, based in Oxford, PA. It received its IRS tax-exemption ruling in May 1955, 71 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, Oxford Library Co reported income of $374k and spending of $441k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $374k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oxford Library Co sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Challenged Childrens Charities ($374k), World Wings International Inc ($374k) and Friends of the Fairhope Library ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $58k (13% of expenses). Other salaries and wages came to $177k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 18 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.