Bala-Cynwyd Memorial Library

Analysis

Bala-Cynwyd Memorial Library is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in October 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bala-Cynwyd Memorial Library reported income of $150k and spending of $135k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $150k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bala-Cynwyd Memorial Library sits at the 49th percentile: it is larger than about 48% 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 Bethpage Nursery School ($150k), Beckman High School Parent Teacher Organization ($150k) and Colusa County Scholarship Foundation Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.6% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.