Eastern Lancaster County Library

Analysis

Eastern Lancaster County Library is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in March 1966, 60 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, Eastern Lancaster County Library reported income of $295k and spending of $342k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $295k (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Lancaster County Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Npca Educational Foundation Inc ($295k), Empty Bowls Naples Inc ($295k) and Riverfront Ministries ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $59k (17% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.3m against liabilities of $8,248, net assets of $1.3m. It reported 12 employees.