Matthews Public Library

Analysis

Matthews Public Library is a registered charity in United States, based in Fredericksbrg, PA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Matthews Public Library reported income of $103k and spending of $229k, spending 223% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $103k (-95%), an average of -53% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matthews Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Academy of Our Lady Fathers Guild ($103k), Pride of Pickens Band Boosters Inc ($103k) and Geneva Lake Arts Foundation Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.6% of the total. Other salaries and wages came to $124k. At year end it held assets of $6.4m against liabilities of $7,324, net assets of $6.4m. It reported 7 employees.