Monroe County Public Library

Analysis

Monroe County Public Library is a registered charity in United States, based in Stroudsburg, PA. It received its IRS tax-exemption ruling in December 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 December 2023, Monroe County Public Library reported income of $2.1m and spending of $2.2m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.4m to $2.1m (-11%), an average of -2.4% a year. The sharpest change came in the year to December 2019, when income dropped by 18%. 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, Monroe County Public Library sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Boy Scouts of America ($2.1m), Fulton Family YMCA ($2.1m) and Young Womens Christian Association ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $120k, net assets of $3.3m. It reported 46 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.