Haverford Township Free Library Assn

Analysis

Haverford Township Free Library Assn is a registered charity in United States, based in Havertown, PA. It received its IRS tax-exemption ruling in January 1978, 48 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, Haverford Township Free Library Assn reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Haverford Township Free Library Assn sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Sarah Frye Home ($1.6m), Fed of State Humanities Councils ($1.6m) and Palmetto Animal League ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $130k (7.5% of expenses). Other salaries and wages came to $667k. At year end it held assets of $2.8m against liabilities of $134k, net assets of $2.7m. It reported 28 employees.