Sugar Grove Free Library Association

Analysis

Sugar Grove Free Library Association is a registered charity in United States, based in Sugar Grove, PA. It received its IRS tax-exemption ruling in June 1976, 50 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, Sugar Grove Free Library Association reported income of $77k and spending of $62k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $77k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sugar Grove Free Library Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include West Mt Airy Neighbors Inc ($77k), Little League Baseball Inc ($77k) and Hardin County Historical Museums ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $223k against liabilities of $2,096, net assets of $221k.