Gladwyne Free Library

Analysis

Gladwyne Free Library is a registered charity in United States, based in Gladwyne, PA. It received its IRS tax-exemption ruling in June 1952, 74 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, Gladwyne Free Library reported income of $102k and spending of $122k, spending 119% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $102k (-91%), an average of -55% a year. The sharpest change came in the year to December 2021, when income dropped by 89%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gladwyne Free Library sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($102k), Overflow ($102k) and Greenwood PTA ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 4.0% of the total. At year end it held assets of $1.2m against liabilities of $4,675, net assets of $1.2m.