Rostraver Public Library

Analysis

Rostraver Public Library is a registered charity in United States, based in Rostraver TWP, PA. It received its IRS tax-exemption ruling in January 1963, 63 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, Rostraver Public Library reported income of $154k and spending of $226k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $154k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rostraver Public Library sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Little League Baseball Inc ($154k), Fusion FC Inc ($154k) and Brandywine Pastoral Institute Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.3% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.3m against liabilities of $1,721, net assets of $1.3m. It reported 11 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.