Spalding Memorial Library Building Association

Analysis

Spalding Memorial Library Building Association is a registered charity in United States, based in Athens, 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, Spalding Memorial Library Building Association reported income of $188k and spending of $313k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $250k to $188k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spalding Memorial Library Building Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include With Our Hands Together Inc ($188k), Super Summer Oklahoma Inc ($188k) and Hope in Action Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 1.3% of the total. Other salaries and wages came to $182k. At year end it held assets of $3.7m against liabilities of $3,474, net assets of $3.7m. It reported 8 employees.