Helen Kate Furness Free Library

Analysis

Helen Kate Furness Free Library is a registered charity in United States, based in Wallingford, PA. It received its IRS tax-exemption ruling in June 1959, 67 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, Helen Kate Furness Free Library reported income of $500k and spending of $473k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $500k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helen Kate Furness Free Library sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include PTA New York Congress ($500k), Sav-A-Life Inc ($500k) and Liberty Corner Fire Company ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 1.2% of the total. Other salaries and wages came to $235k. At year end it held assets of $2.6m against liabilities of $37k, net assets of $2.5m. It reported 7 employees.