Bangor Public Library Association

Analysis

Bangor Public Library Association is a registered charity in United States, based in Bangor, PA. It received its IRS tax-exemption ruling in November 1955, 71 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 June 2023, Bangor Public Library Association reported income of $139k and spending of $145k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $139k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bangor Public Library Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Golden Homes Non-Profit Corporation ($139k), LA Casa Evangelica Inc ($139k) and Apollo Educational Foundation ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $37k (25% of expenses). Other salaries and wages came to $38k. At year end it held assets of $458k against liabilities of $7,615, net assets of $450k. It reported 8 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.