Sykesville Public Library

Analysis

Sykesville Public Library is a registered charity in United States, based in Sykesville, PA. It received its IRS tax-exemption ruling in March 1999, 27 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, Sykesville Public Library reported income of $301k and spending of $46k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $301k (+497%), an average of +497% a year. The sharpest change came in the year to December 2023, when income rose by 497%. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sykesville Public Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Volunteer Schools ($301k), Braingain Israel Inc ($301k) and Vineyard Haven Public Library Building Fund Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $17k (37% of expenses). Other salaries and wages came to $6,686. At year end it held assets of $383k against liabilities of $1,498, net assets of $381k. It reported 2 employees.