Samuel W Smith Memorial Public Library

Analysis

Samuel W Smith Memorial Public Library is a registered charity in United States, based in Port Allegany, PA. It received its IRS tax-exemption ruling in May 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Samuel W Smith Memorial Public Library reported income of $133k and spending of $158k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $133k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Samuel W Smith Memorial Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Allamakee Scholarship Fund Inc ($133k), Literacy Volunteers of Washington County Inc ($133k) and University of Kentucky Equine Research Foundation Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 2.4% of the total. Other salaries and wages came to $68k. At year end it held assets of $912k against liabilities of $76k, net assets of $836k.