Monessen Public Library

Analysis

Monessen Public Library is a registered charity in United States, based in Monessen, PA. It received its IRS tax-exemption ruling in April 1949, 77 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, Monessen Public Library reported income of $149k and spending of $159k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $162k to $149k (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monessen Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Ohio Society for the Prevention of Cruelty to Animals Inc ($149k), PTA California Congress of Parents Teachers & Students Inc ($149k) and Proliteracy Worldwide ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $81k. At year end it held assets of $1.4m against liabilities of $6,633, net assets of $1.4m. It reported 7 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.