The Memorial Library of Nazareth and Vicinity

Analysis

The Memorial Library of Nazareth and Vicinity is a registered charity in United States, based in Nazareth, PA. It received its IRS tax-exemption ruling in December 1994, 32 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, The Memorial Library of Nazareth and Vicinity reported income of $773k and spending of $661k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $646k to $773k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Memorial Library of Nazareth and Vicinity sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Epiphany School of Charlotte Inc ($773k), Royals Varsity Club Inc ($773k) and Grand Prairie Seminary & Commercial College ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $253k. At year end it held assets of $900k against liabilities of $0, net assets of $900k. It reported 25 employees.