Cleve J Fredricksen Library Association

Analysis

Cleve J Fredricksen Library Association is a registered charity in United States, based in Camp Hill, PA. It received its IRS tax-exemption ruling in July 1959, 67 years ago. 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, Cleve J Fredricksen Library Association reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+3.8%), an average of +0.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleve J Fredricksen Library Association 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 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Council on Domestic Violence Inc ($1.7m), Tejara ($1.7m) and New York State West Youth Soccer Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $86k (4.5% of expenses). Other salaries and wages came to $875k. At year end it held assets of $6.1m against liabilities of $120k, net assets of $6.0m. It reported 80 employees.