Penn Area Library Association

Analysis

Penn Area Library Association is a registered charity in United States, based in Harrison City, PA. It received its IRS tax-exemption ruling in June 1975, 51 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, Penn Area Library Association reported income of $321k and spending of $298k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $321k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn Area Library Association 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 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($321k), Mental Health Association of Kentucky Inc ($321k) and Taxpayer Foundation of Oregon ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $48k (16% of expenses). Other salaries and wages came to $132k. At year end it held assets of $539k against liabilities of $5,590, net assets of $534k. It reported 6 employees.