Albion Area Public Library

Analysis

Albion Area Public Library is a registered charity in United States, based in Albion, PA. It received its IRS tax-exemption ruling in January 1992, 34 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, Albion Area Public Library reported income of $53k and spending of $56k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $53k (-8.7%), an average of -8.7% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albion Area Public Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include Friends of Walnut Creek Library ($53k), Korean American Naju Association of the Greater New York Inc ($53k) and Brooks School PTO ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $86k against liabilities of $311, net assets of $86k.