McBride Memorial Library

Analysis

McBride Memorial Library is a registered charity in United States, based in Berwick, PA. It received its IRS tax-exemption ruling in June 1959, 67 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 December 2023, McBride Memorial Library reported income of $392k and spending of $508k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $392k (-83%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McBride Memorial Library sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Switzerland Public Library ($392k), Texas Leadership Center ($392k) and New Haven Free Public Library Foundation Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $44k (8.7% of expenses). Other salaries and wages came to $182k. At year end it held assets of $8.2m against liabilities of $13k, net assets of $8.2m. It reported 23 employees.