Altoona Area Public Library

Analysis

Altoona Area Public Library is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in October 1981, 45 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 2024, Altoona Area Public Library reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.0m to $1.4m (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Altoona Area Public 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 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Alegria Montessori School Inc ($1.4m), Cliff Drive Care Center Inc ($1.4m) and Lansing Community College Foundation ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 8.1% of the total. Other salaries and wages came to $574k. At year end it held assets of $2.6m against liabilities of $2,944, net assets of $2.6m. It reported 33 employees.