Tunkhannock Library Assoc

Analysis

Tunkhannock Library Assoc is a registered charity in United States, based in Tunkhannock, PA. It received its IRS tax-exemption ruling in June 1952, 74 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, Tunkhannock Library Assoc reported income of $790k and spending of $428k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $790k (+113%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tunkhannock Library Assoc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Popvox Foundation ($790k), Staten Island Center for Independent Living Inc ($790k) and Crisis Center of Northern New Mexico ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.3% of the total. Other salaries and wages came to $190k. At year end it held assets of $2.1m against liabilities of $305, net assets of $2.1m. It reported 17 employees.