Mercer Area Library Inc

Analysis

Mercer Area Library Inc is a registered charity in United States, based in Mercer, PA. It received its IRS tax-exemption ruling in September 1986, 40 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, Mercer Area Library Inc reported income of $210k and spending of $192k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $210k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercer Area Library Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Oklahoma Cattlemens Foundation Inc ($210k), Danville-Boyle County Humane Society Inc ($210k) and Pregnancy Center Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $41k (21% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 6 employees.