New Florence Community Library

Analysis

New Florence Community Library is a registered charity in United States, based in New Florence, PA. It received its IRS tax-exemption ruling in December 1967, 59 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 June 2023, New Florence Community Library reported income of $95k and spending of $73k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $52k to $95k (+81%), an average of +81% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Florence Community Library sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Co-Mhar Residential Corp ($95k), St Thomas More High School Alumni Association Inc ($95k) and Media Heritage Inc ($95k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 5.0% of the total. At year end it held assets of $378k against liabilities of $1,928, net assets of $376k.