Cambridge Springs Public Library Association

Analysis

Cambridge Springs Public Library Association is a registered charity in United States, based in Cambridg SPGS, PA. It received its IRS tax-exemption ruling in November 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, Cambridge Springs Public Library Association reported income of $105k and spending of $97k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $100k to $105k (+4.9%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cambridge Springs Public Library Association sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Camden-Jackson Inc ($105k), Automatic Musical Instrument Collectors Association ($105k) and PTA New Jersey Congress of Parents & Teachers ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.2% of the total. At year end it held assets of $251k against liabilities of $2,011, net assets of $249k.