Heritage Public Library

Analysis

Heritage Public Library is a registered charity in United States, based in McDonald, PA. It received its IRS tax-exemption ruling in November 1991, 35 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, Heritage Public Library reported income of $182k and spending of $142k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $182k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Public Library sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Seaside Scholarships Inc ($182k), Minne ($182k) and Pratyush Sinha Foundation ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $70k (49% of expenses). At year end it held assets of $228k against liabilities of $0, net assets of $228k. It reported 11 employees.