Warren Library Association

Analysis

Warren Library Association is a registered charity in United States, based in Warren, PA. It received its IRS tax-exemption ruling in November 1952, 74 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Warren Library Association reported income of $1.2m and spending of $1.9m, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warren Library Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Hope of South Texas Inc ($1.2m), Nebraska Greats Foundation ($1.2m) and International Technology and Engineering Educators Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $91k (4.8% of expenses). Other salaries and wages came to $500k. At year end it held assets of $4.5m against liabilities of $2,153, net assets of $4.5m. It reported 32 employees.