Freeport Area Library Association

Analysis

Freeport Area Library Association is a registered charity in United States, based in Freeport, PA. It received its IRS tax-exemption ruling in September 1978, 48 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, Freeport Area Library Association reported income of $77k and spending of $71k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $77k (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 263%. 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, Freeport Area 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 Elizabeth Kates Foundation Inc ($77k), Advocates Properties Incorporated ($77k) and Bethany Community Foundation ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $32k (45% of expenses). At year end it held assets of $534k against liabilities of $2,772, net assets of $531k. It reported 5 employees.