Margaret Shontz Memorial Library Inc

Analysis

Margaret Shontz Memorial Library Inc is a registered charity in United States, based in Conneaut Lake, PA. It received its IRS tax-exemption ruling in April 1984, 42 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, Margaret Shontz Memorial Library Inc reported income of $100k and spending of $77k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $100k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Margaret Shontz Memorial Library Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($100k), Serra International ($100k) and Living Hope Pregnancy Support Services ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $366k against liabilities of $960, net assets of $365k.