Peoples Library Inc

Analysis

Peoples Library Inc is a registered charity in United States, based in New Kensingtn, PA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Peoples Library Inc reported income of $300k and spending of $335k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $300k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peoples Library Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Champion Charger Athletic Booster Club ($300k), Pma Education Fund ($300k) and Truckload Carriers Association Scholarship Fund Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $114k. At year end it held assets of $2.9m against liabilities of $9,945, net assets of $2.9m. It reported 21 employees.