Panorama City Library Association

Analysis

Panorama City Library Association is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 August 2024, Panorama City Library Association reported income of $70k and spending of $55k, leaving 22% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income fell from $105k to $70k (-33%), an average of -9.6% a year. The sharpest change came in the year to August 2023, when income rose by 123%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Panorama City Library Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within WA. Charities of a similar size with the same main cause include Theatre Hall of Fame Inc ($70k), Fargo Kiwanis Club Foundation ($70k) and PTA Louisiana Congress ($70k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $887k against liabilities of $0, net assets of $887k.