Wissahickon Valley Public Library

Analysis

Wissahickon Valley Public Library is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in May 1968, 58 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 June 2023, Wissahickon Valley Public Library reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.6m (-19%), an average of -6.8% a year. The sharpest change came in the year to June 2023, when income dropped by 31%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wissahickon Valley Public Library sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Hope Learning Academy of Toledo ($1.6m), National Council for Workforce Education ($1.6m) and University Christian Ministries Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $112k (6.9% of expenses). Other salaries and wages came to $664k. At year end it held assets of $7.7m against liabilities of $1.8m, net assets of $6.0m. It reported 44 employees.