Mill Memorial Library

Analysis

Mill Memorial Library is a registered charity in United States, based in Nanticoke, PA. It received its IRS tax-exemption ruling in April 1971, 55 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, Mill Memorial Library reported income of $248k and spending of $250k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $248k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 416%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mill Memorial Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Glocester Manton Free Public Library ($248k), Little League Baseball Inc ($248k) and Eastside Senior Citizens Association ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.8m against liabilities of $4,124, net assets of $1.8m. It reported 7 employees.