Milanof-Schock Library

Analysis

Milanof-Schock Library is a registered charity in United States, based in Mount Joy, PA. It received its IRS tax-exemption ruling in February 1965, 61 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, Milanof-Schock Library reported income of $474k and spending of $521k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $474k (+11%), an average of +2.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milanof-Schock Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Afa Falfins ($474k), Young Womens Christian Association ($474k) and Come-Unity Cooperative Care Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). Other salaries and wages came to $227k. At year end it held assets of $1.2m against liabilities of $950, net assets of $1.2m. It reported 12 employees.