Allen F Pierce Free Library

Analysis

Allen F Pierce Free Library is a registered charity in United States, based in Troy, PA. It received its IRS tax-exemption ruling in October 1978, 48 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, Allen F Pierce Free Library reported income of $108k and spending of $99k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $108k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allen F Pierce Free Library sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($108k), Your Grandmothers Cupboard ($108k) and Church Properties Reimagined Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $56k. At year end it held assets of $391k against liabilities of $3,072, net assets of $388k. It reported 2 employees.