Palmyra Public Library

Analysis

Palmyra Public Library is a registered charity in United States, based in Annville, PA. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Palmyra Public Library reported income of $472k and spending of $372k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $867k to $472k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palmyra Public Library sits at the 67th percentile: it is larger than about 67% 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 Chesterton Academy of Sacramento ($472k), Gold Creek Child Care Incorporated ($472k) and Greenville High Red Raider Sports Booster Club Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 16% of the total. Other salaries and wages came to $141k. At year end it held assets of $2.1m against liabilities of $13k, net assets of $2.1m. It reported 33 employees.