Newport Public Library

Analysis

Newport Public Library is a registered charity in United States, based in Newport, PA. It received its IRS tax-exemption ruling in October 1969, 57 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, Newport Public Library reported income of $279k and spending of $200k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $168k to $279k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Public Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Dayton Depot Historical Society ($279k), Kansas Advocates for Better Care ($279k) and PTA Pennsylvania Congress ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $86k (43% of expenses). At year end it held assets of $1.6m against liabilities of $19k, net assets of $1.6m. It reported 6 employees.