Lehighton Area Memorial Library

Analysis

Lehighton Area Memorial Library is a registered charity in United States, based in Lehighton, PA. It received its IRS tax-exemption ruling in January 1964, 62 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 2022, Lehighton Area Memorial Library reported income of $116k and spending of $130k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $263k to $116k (-56%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lehighton Area Memorial Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Lourdes Hospital Auxillary Gift Shop ($116k), PTA Delaware Congress ($116k) and PTA California Congress of Parents Teachers & Students Inc ($116k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% and program service revenue 3.8% of the total. Other salaries and wages came to $57k. At year end it held assets of $861k against liabilities of $1,035, net assets of $860k. It reported 4 employees.