Blossburg Memorial Library

Analysis

Blossburg Memorial Library is a registered charity in United States, based in Blossburg, PA. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Blossburg Memorial Library reported income of $144k and spending of $143k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125k to $144k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Blossburg Memorial Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Tex Users Group ($144k), Bridgewater Alumni Association of Bridgewater State College ($144k) and Clarkstown Family Resource Center Partnership Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $49k (34% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.4m against liabilities of $2,497, net assets of $1.4m. It reported 4 employees.