Ridgeway Free Library Assoc

Analysis

Ridgeway Free Library Assoc is a registered charity in United States, based in Ridgway, 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, Ridgeway Free Library Assoc reported income of $184k and spending of $166k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $269k to $184k (-32%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgeway Free Library Assoc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Skytown Preschool Inc ($184k), Soulchoice Ministries Inc ($184k) and Bharat Sevashram Sangha of North America ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $34k (20% of expenses). Other salaries and wages came to $40k. At year end it held assets of $754k against liabilities of $0, net assets of $754k. It reported 7 employees.