Centre County Library & Historical Museum

Analysis

Centre County Library & Historical Museum is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in October 1998, 28 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, Centre County Library & Historical Museum reported income of $1.0m and spending of $926k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $998k to $1.0m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centre County Library & Historical Museum sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Welbourne Ave Nursery & Kindergarten Inc ($1.0m), Taxpayers Protection Alliance Foundation Inc ($1.0m) and Coalition of Limited English Speaking Elderly ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Other salaries and wages came to $576k. At year end it held assets of $3.7m against liabilities of $7,742, net assets of $3.7m. It reported 28 employees.