Spring Township Library Association

Analysis

Spring Township Library Association is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in October 2003, 23 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, Spring Township Library Association reported income of $463k and spending of $434k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $463k (+12%), an average of +2.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spring Township Library Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include University at Buffalo Medical Student Polity Inc ($463k), Southern Initiative of the Algebra Project Inc ($463k) and Poway High Foundation ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Other salaries and wages came to $205k. At year end it held assets of $661k against liabilities of $102k, net assets of $559k. It reported 23 employees.