Priestley Forsyth Memorial Library

Analysis

Priestley Forsyth Memorial Library is a registered charity in United States, based in Northumberlnd, PA. It received its IRS tax-exemption ruling in July 1948, 78 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, Priestley Forsyth Memorial Library reported income of $285k and spending of $259k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $292k to $285k (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Priestley Forsyth Memorial Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Leadership Lackawanna ($285k), Catawba Valley Leadership Foundation ($285k) and Coalition of New York State Career Schools ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 1.4% of the total. Other salaries and wages came to $140k. At year end it held assets of $5.1m against liabilities of $9,259, net assets of $5.1m. It reported 8 employees.