Oil Region Library Association

Analysis

Oil Region Library Association is a registered charity in United States, based in Oil City, PA. It received its IRS tax-exemption ruling in October 2015, 11 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, Oil Region Library Association reported income of $1.1m and spending of $933k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $802k to $1.1m (+39%), an average of +8.7% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oil Region Library Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Seattle Institute of East Asian Medicine ($1.1m), Wallace State Community College Future Foundation Inc ($1.1m) and Ucp San Diego ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $76k (8.1% of expenses). Other salaries and wages came to $355k. At year end it held assets of $4.0m against liabilities of $7,616, net assets of $4.0m. It reported 19 employees.