Knoxville Library Association

Analysis

Knoxville Library Association is a registered charity in United States, based in Knoxville, PA. It received its IRS tax-exemption ruling in August 1957, 69 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, Knoxville Library Association reported income of $190k and spending of $121k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $190k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 2010%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knoxville Library 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 53rd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Delray Citizens for Delray Police Inc ($190k), Demolay Foundation of California Inc ($190k) and Habersham Community Theater Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $32k (26% of expenses). Other salaries and wages came to $22k. At year end it held assets of $4.0m against liabilities of $205k, net assets of $3.8m. It reported 5 employees.