Beaver Area Memorial Library Association

Analysis

Beaver Area Memorial Library Association is a registered charity in United States, based in Beaver, PA. It received its IRS tax-exemption ruling in June 1960, 66 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, Beaver Area Memorial Library Association reported income of $497k and spending of $487k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $431k to $497k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaver Area Memorial Library Association sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Northwestern Preparatory School ($497k), Seamens Center of Wilmington Inc ($497k) and Doylestown Athletic Association ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 7.2% of the total. Other salaries and wages came to $256k. At year end it held assets of $2.0m against liabilities of $113, net assets of $2.0m. It reported 10 employees.