William Jeanes Memorial Library

Analysis

William Jeanes Memorial Library is a registered charity in United States, based in Lafayette HL, PA. It received its IRS tax-exemption ruling in December 1943, 83 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, William Jeanes Memorial Library reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $937k to $1.1m (+21%), an average of +4.9% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William Jeanes Memorial Library sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Bayou Civic Club ($1.1m), Union Gospel Mission Incorporated ($1.1m) and Rooted School Washington ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $99k (7.7% of expenses). Other salaries and wages came to $513k. At year end it held assets of $3.9m against liabilities of $20k, net assets of $3.9m. It reported 26 employees.