Andrew Carnegie Free Library

Analysis

Andrew Carnegie Free Library is a registered charity in United States, based in Carnegie, PA. It received its IRS tax-exemption ruling in September 1980, 46 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, Andrew Carnegie Free Library reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $1.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Andrew Carnegie Free Library sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Second Wind Fund Inc ($1.1m), Dunn Police Athletic & Activities League Inc ($1.1m) and Diverse Charter Schools Coalition Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $70k (6.8% of expenses). Other salaries and wages came to $283k. At year end it held assets of $8.0m against liabilities of $110k, net assets of $7.9m. It reported 21 employees.