Redbank Valley Public Library

Analysis

Redbank Valley Public Library is a registered charity in United States, based in New Bethlehem, PA. It received its IRS tax-exemption ruling in June 1972, 54 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, Redbank Valley Public Library reported income of $160k and spending of $138k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $160k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redbank Valley Public Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Mountain Spirit Center Inc ($160k), Single Socks Inc ($160k) and Friends of Hartman Reserve Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 3.9% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.9m against liabilities of $2,813, net assets of $1.8m. It reported 4 employees.