Friends of the Chestnut Hill Library

Analysis

Friends of the Chestnut Hill Library is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1986, 40 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 May 2023, Friends of the Chestnut Hill Library reported income of $180k and spending of $161k, spending 89% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $144k to $180k (+25%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 78% 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 Chestnut Hill Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Ona Milton Athletic Association Inc ($180k), Fred L Baybarz and Carolyn C Baybarz Foundation ($180k) and Tomorrows America Foundation Inc ($180k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $47k. At year end it held assets of $280k against liabilities of $96k, net assets of $185k. It reported 1 employees.