Perkiomen Valley Library Inc

Analysis

Perkiomen Valley Library Inc is a registered charity in United States, based in Schwenksville, PA. It received its IRS tax-exemption ruling in September 1973, 53 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, Perkiomen Valley Library Inc reported income of $111k and spending of $66k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $111k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Perkiomen Valley Library Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($111k), Douglasville Tiger Cubs Youth Football & Cheerleading Associatio ($111k) and Bethesda Community Mission ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.4% of the total. At year end it held assets of $830k against liabilities of $136k, net assets of $694k.