Portage Library Association

Analysis

Portage Library Association is a registered charity in United States, based in Portage, PA. It received its IRS tax-exemption ruling in December 2000, 26 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, Portage Library Association reported income of $79k and spending of $85k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $79k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 66%. 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, Portage Library Association sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include CDM Girls Volleyball Foundation ($79k), Madison Gridiron Club ($79k) and Gibson City-Melvin-Sibley Booster Club Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Other salaries and wages came to $29k. At year end it held assets of $331k against liabilities of $0, net assets of $331k. It reported 2 employees.