Dormont Public Library

Analysis

Dormont Public Library is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1940, 86 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dormont Public Library reported income of $359k and spending of $292k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $359k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dormont Public Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Volunteers of America Inc ($359k), Shiloh Community Association ($359k) and Vallejo Symphony Association ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $55k (19% of expenses). Other salaries and wages came to $96k. At year end it held assets of $686k against liabilities of $9,883, net assets of $676k. It reported 10 employees.