Joseph & Elizabeth Shaw Public Library

Analysis

Joseph & Elizabeth Shaw Public Library is a registered charity in United States, based in Clearfield, PA. It received its IRS tax-exemption ruling in November 1944, 82 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, Joseph & Elizabeth Shaw Public Library reported income of $242k and spending of $277k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $242k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joseph & Elizabeth Shaw Public Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Catacap ($242k), Islamic Center of Rhode Island Inc ($242k) and Spiller Personal Care Home ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $49k (18% of expenses). Other salaries and wages came to $68k. At year end it held assets of $3.1m against liabilities of $2,007, net assets of $3.1m. It reported 11 employees.