Norwood Public Library

Analysis

Norwood Public Library is a registered charity in United States, based in Norwood, PA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Norwood Public Library reported income of $163k and spending of $162k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $163k (+2.6%), an average of +2.6% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwood Public Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include NSCC Parent Advisory Council of Parent Cooperative Preschools ($163k), Ferdinand Building Development Corp ($163k) and New Mexico Veterans Memorial Foundation ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.