Indiana Free Library Incorporated

Analysis

Indiana Free Library Incorporated is a registered charity in United States, based in Indiana, PA. It received its IRS tax-exemption ruling in December 1952, 74 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, Indiana Free Library Incorporated reported income of $416k and spending of $502k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $416k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 44%. 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, Indiana Free Library Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include National Church Residences of ($416k), Committee Against Domestic Violence ($416k) and Monrovia Parks & Recreation Association Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $51k (10% of expenses). Other salaries and wages came to $227k. At year end it held assets of $1.2m against liabilities of $2,805, net assets of $1.2m. It reported 16 employees.