Cochranton Area Public Library

Analysis

Cochranton Area Public Library is a registered charity in United States, based in Cochranton, PA. It received its IRS tax-exemption ruling in December 1979, 47 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, Cochranton Area Public Library reported income of $93k and spending of $66k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $93k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cochranton Area Public 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 33rd percentile within PA. Charities of a similar size with the same main cause include Myerstown Soccer Club C/O Ronald L Garloff ($93k), Equi-Ed Inc ($93k) and 100 Rural Women ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $21k (32% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.0m against liabilities of $1,784, net assets of $1.0m. It reported 6 employees.