Trustees of Free Public Library of Lambertville

Analysis

Trustees of Free Public Library of Lambertville is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in January 1935, 91 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 December 2023, Trustees of Free Public Library of Lambertville reported income of $344k and spending of $308k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $344k (+26%), an average of +5.9% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trustees of Free Public Library of Lambertville sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include The Tender Inc ($344k), Little Swift Creek Volunteer Fire Department ($344k) and Keep Alliance Beautiful ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Other salaries and wages came to $192k. At year end it held assets of $339k against liabilities of $36k, net assets of $303k. It reported 15 employees.