Monaca Public Library

Analysis

Monaca Public Library is a registered charity in United States, based in Monaca, PA. It received its IRS tax-exemption ruling in June 1988, 38 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, Monaca Public Library reported income of $72k and spending of $65k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $72k (+13%), an average of +13% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monaca Public Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Iglesia Cristiana Gracia Sublime ($72k), Bright Beginnings Preschool ($72k) and PTA California Congress of Parents Teachers & Students Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.