Friends of the Elkins Park Free Library

Analysis

Friends of the Elkins Park Free Library is a registered charity in United States, based in Elkins Park, PA. It received its IRS tax-exemption ruling in November 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, Friends of the Elkins Park Free Library reported income of $78k and spending of $60k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $78k (+7.4%), an average of +7.4% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Elkins Park Free Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Harry Gore Scholarship ($78k), Mobile Medical Museum Inc ($78k) and Friends of the University of Hawaii Cancer Center ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.