Knox Public Library

Analysis

Knox Public Library is a registered charity in United States, based in Knox, PA. It received its IRS tax-exemption ruling in December 1986, 40 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, Knox Public Library reported income of $246k and spending of $180k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $246k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knox 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 56th percentile within PA. Charities of a similar size with the same main cause include Norfolk Cable Corporation ($246k), Pakistani New Life Church ($246k) and Fountain Valley High School ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Other salaries and wages came to $109k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 6 employees.