Carnegie Free Library

Analysis

Carnegie Free Library is a registered charity in United States, based in Midland, PA. It received its IRS tax-exemption ruling in May 1989, 37 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, Carnegie Free Library reported income of $73k and spending of $62k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $73k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carnegie Free 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 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Phillipsburg Senior Center Inc ($73k), Tonganoxie Community Historical Society Inc ($73k) and Sauk Centre Youth Hockey Association ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.