Ford City Public Library

Analysis

Ford City Public Library is a registered charity in United States, based in Ford City, PA. It received its IRS tax-exemption ruling in October 1972, 54 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, Ford City Public Library reported income of $141k and spending of $121k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $88k to $141k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ford City Public Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Mount Clemens Regional Healthcare Foundation ($141k), Aston Valley Baseball League ($141k) and The Fellowship Home of Winston- Salem North Carolina Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $63k. At year end it held assets of $74k against liabilities of $986, net assets of $73k. It reported 5 employees.