Union Library Company of Hatboro

Analysis

Union Library Company of Hatboro is a registered charity in United States, based in Hatboro, PA. It received its IRS tax-exemption ruling in April 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Union Library Company of Hatboro reported income of $347k and spending of $281k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $272k to $347k (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Library Company of Hatboro sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Educational Programs for the International Community ($347k), Central Minnesota Area Sheet Metal Jatc ($347k) and Emmaus Academy Inc ($347k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $28k (10% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 10 employees.