Thomas Beaver Free Library

Analysis

Thomas Beaver Free Library is a registered charity in United States, based in Danville, PA. It received its IRS tax-exemption ruling in August 1965, 61 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, Thomas Beaver Free Library reported income of $453k and spending of $411k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $788k to $453k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas Beaver Free Library sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include The California Association Highway Patrolmen Widows & Orphans TR ($453k), Steele County Historical Society ($453k) and Vietnamese Sangha Congregation in America ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). Other salaries and wages came to $102k. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m. It reported 14 employees.