Reynoldsville Public Library

Analysis

Reynoldsville Public Library is a registered charity in United States, based in Reynoldsville, PA. It received its IRS tax-exemption ruling in April 1951, 75 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, Reynoldsville Public Library reported income of $62k and spending of $65k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $62k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reynoldsville Public Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($62k), Carmel High School Parent Teacher Organization Inc ($62k) and Crosstown Meals on Wheels ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $190k against liabilities of $1,278, net assets of $189k.