Milton Public Library

Analysis

Milton Public Library is a registered charity in United States, based in Milton, PA. It received its IRS tax-exemption ruling in March 1943, 83 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, Milton Public Library reported income of $248k and spending of $365k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $248k (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 158% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milton Public Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include President Andrew Jackson Manor ($248k), Cooperative Outreach for Personal Emergencies Inc ($248k) and Aitkin County Friends of the Arts ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 4.5% of the total. Other salaries and wages came to $97k. At year end it held assets of $3.1m against liabilities of $1.6m, net assets of $1.5m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.