Charleroi Area Public Library Inc

Analysis

Charleroi Area Public Library Inc is a registered charity in United States, based in Charleroi, PA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Charleroi Area Public Library Inc reported income of $152k and spending of $110k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $112k to $152k (+36%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charleroi Area Public Library Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Stanberry Independent Living Corporation ($152k), Friends of the Marina Library ($152k) and The Civic League Foundation Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (28% of expenses). At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 4 employees.