Mars Public Library Association

Analysis

Mars Public Library Association is a registered charity in United States, based in Mars, PA. It received its IRS tax-exemption ruling in November 1958, 68 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, Mars Public Library Association reported income of $349k and spending of $346k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $349k (+33%), an average of +7.3% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mars Public Library Association sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Islamic Center of Queens New York Inc ($349k), Concord Soccer Association ($349k) and Con-Solatio ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $53k (15% of expenses). Other salaries and wages came to $129k. At year end it held assets of $724k against liabilities of $7,389, net assets of $717k. It reported 11 employees.