Tyrone Area Public Library

Analysis

Tyrone Area Public Library is a registered charity in United States, based in Tyrone, PA. It received its IRS tax-exemption ruling in April 1969, 57 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 June 2024, Tyrone Area Public Library reported income of $286k and spending of $220k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $180k to $286k (+59%), an average of +9.7% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tyrone Area Public Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Friends of Irish Studies in the West ($286k), Whitaker Charitable Project ($287k) and LHS Football Booster Club Inc ($286k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Other salaries and wages came to $107k. At year end it held assets of $292k against liabilities of $0, net assets of $292k. It reported 6 employees.