Lititz Public Library Inc

Analysis

Lititz Public Library Inc is a registered charity in United States, based in Lititz, PA. It received its IRS tax-exemption ruling in October 1965, 61 years ago. 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 December 2023, Lititz Public Library Inc reported income of $704k and spending of $823k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $649k to $704k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lititz Public Library Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include National Church Residences Cedar Creek Senior Housing LA Inc ($704k), Intelligent Transportation Society of America Its America ($704k) and Maryland Scottish Rite Charitable Foundation Inc ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $355k. At year end it held assets of $2.6m against liabilities of $543, net assets of $2.6m. It reported 32 employees.