Cranberry Public Library Inc

Analysis

Cranberry Public Library Inc is a registered charity in United States, based in Cranberry Township, PA. It received its IRS tax-exemption ruling in July 1987, 39 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, Cranberry Public Library Inc reported income of $783k and spending of $792k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $670k to $783k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cranberry Public Library Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Asbury Foundation ($783k), One East Sixtieth Street Historical Foundation ($783k) and Learning Disabilities Association Inc ($783k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $79k (10.0% of expenses). Other salaries and wages came to $407k. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.4m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.