Penn Hills Library

Analysis

Penn Hills Library is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2021, 5 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, Penn Hills Library reported income of $1.1m and spending of $1.0m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $644k to $1.1m (+63%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Penn Hills Library sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Twin Cities German Immersion School Building Company ($1.1m), Clark Fork School Inc ($1.1m) and Kings Kids Christian Academy of Tampa Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $77k (7.4% of expenses). Other salaries and wages came to $509k. At year end it held assets of $876k against liabilities of $36k, net assets of $839k. It reported 32 employees.