Lakeview Area Public Library

Analysis

Lakeview Area Public Library is a registered charity in United States, based in Sandylake, PA. It received its IRS tax-exemption ruling in March 2005, 21 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, Lakeview Area Public Library reported income of $55k and spending of $23k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $55k (-4.2%), an average of -4.2% a year. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeview Area Public Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Hanover High School Band Boosters ($55k), Tampa United Korean School Inc ($55k) and Murdock Elementary School Foundation Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 1.7% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.