Grove City Community Library Inc

Analysis

Grove City Community Library Inc is a registered charity in United States, based in Grove City, PA. It received its IRS tax-exemption ruling in August 1985, 41 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, Grove City Community Library Inc reported income of $210k and spending of $242k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $210k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 161% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grove City Community Library Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include McKinlock Post Foundation ($210k), University of Canterbury Foundation in America Inc ($210k) and Rangers Scholarship Fund Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $28k (12% of expenses). Other salaries and wages came to $118k. At year end it held assets of $687k against liabilities of $5,439, net assets of $682k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.