Osterhout Free Library

Analysis

Osterhout Free Library is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Osterhout Free Library reported income of $1.8m and spending of $2.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Osterhout Free Library sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Hospice of Washington County Inc ($1.8m), Medical Ministry International US ($1.8m) and Humane Society of St Joseph County Indiana Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 4.7% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $13.1m against liabilities of $283k, net assets of $12.9m. It reported 42 employees.