Carbondale Public Library

Analysis

Carbondale Public Library is a registered charity in United States, based in Carbondale, PA. It received its IRS tax-exemption ruling in April 1956, 70 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, Carbondale Public Library reported income of $483k and spending of $513k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $483k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carbondale Public Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Literacy Volunteers of Rochester Inc ($483k), Educational Theatre Association Foundation ($483k) and Main Line Meals on Wheels Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $221k. At year end it held assets of $976k against liabilities of $43k, net assets of $933k. It reported 10 employees.