Parkland Community Library

Analysis

Parkland Community Library is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in September 1974, 52 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 June 2023, Parkland Community Library reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+21%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parkland Community Library sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Louisiana Assocaition of Public Charter Schools ($1.3m), Lanse Creuse High School Central Band Boosters Inc ($1.3m) and Avector Community Group Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $82k (7.0% of expenses). Other salaries and wages came to $568k. At year end it held assets of $5.0m against liabilities of $1,766, net assets of $5.0m. It reported 37 employees.