Peoples Library INC

New Kensingtn, PA · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2024
Revenue
$356K
▲ +19% vs prior year
Spent
$315K
To programs
77%
Net assets
$2.9M

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Pittsburgh Foundation
$13K in the latest grant year.
Spent on programs?
77% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +19% vs prior year
Legal name (IRS)Hdr · item CPeoples Library INC
EINHdr · item D25-1013943
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1964
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew Kensingtn, PA
NTEE classificationIRS BMFEducation (B71Z)
WebsiteHdr · item Jwww.peopleslibrary.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.18 Fundraising $0.05
Program services77%$244K
Management & general18%$57K
Fundraising5%$14K
Total functional expensesLn 25$315K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$356K
FY2024▲ +19%
Expenses
$315K
FY2024▼ -6%
Program efficiency
77%
of spending reaches programs+0.07% vs prior filing year
Operating runway
47.4mo
months of highly liquid reserves at operating expense rate▲ +10% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +198% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.9M
FY2024▲ +2%
Total liabilities
$8K
FY2024▼ -24%
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$2.9M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$64K
Total assetsLn 16$2.9M
Total liabilitiesLn 26$8K
Total net assetsLn 32$2.9M
Months of cash on handcomputed2.4

Statement of Revenue

Part VIII
Contributions & grants$223K · 63%
Other revenue$80K · 23%
Investment income$50K · 14%
Program service revenue$3K · 1%
Contributions & grants63%$223K
Other revenue23%$80K
Investment income14%$50K
Program service revenue1%$3K
— government grantsLn 1e$167K
Total revenueLn 12$356K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $315K
47.4 months
Where the money goes
Program services
Program services $244K · Total expenses $315K
77%
Management & General
Management & general $57K · Total expenses $315K
18%
Fundraising
Fundraising $14K · Total expenses $315K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $65K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $223K · Total revenue $356K
63%
Government reliance
Government grants $167K · Total revenue $356K
47%
Earned-income share
Program service revenue $3K · Total revenue $356K
0.7%
Investment reliance
Investment income $50K · Total revenue $356K
+14%
Program self-sufficiency
Program service revenue $3K · Total expenses $315K
0.8%
Growth & trend
Revenue growth (YoY)
This year $356K · Prior year $300K
+19%
Revenue CAGR
FY2020 $363K · FY2024 $356K
-0.5%
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $356K · Expenses $315K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $2.9M
—
Net-asset ratio
Net assets $2.9M · Total assets $2.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.9M
40%
People & payroll
Highest Reported Total Compensation
Individual David Hrivnak · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $61K · Total expenses $315K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $196K · Total expenses $315K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 18%——
Fundraising cost ratio 6%——
Revenue growth 19%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$61,409Pt VII · Sec A
Secretaty
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Hrivnak’s $61K as Executive Director is at the 53rd percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Hrivnak$61,409—$57,326$56,202$56,202
David Hrivnak—$59,332———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Peoples Library INC is an education nonprofit based in New Kensingtn, PA.

Provided by the organization

This section is blank until Peoples Library INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $244K of program spending, described in the organization's own filed words · FY2024.
01

Program expenses for operating a public lirary benefiting the general public from two (2) locations in the service area. Library provides a place for the general public to read, study and research, and offers reading and literacy programs to the residents for the librarys area.

$244Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$13K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $356K$315K+19% 990 PDF
FY2023 $300K$335K+12% 990 PDF
FY2022 $267K$297K-33% 990 PDF
FY2021 $400K$290K+10% 990 PDF
FY2020 $363K$305K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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