Friends of Tredyffrin Public Library

Analysis

Friends of Tredyffrin Public Library is a registered charity in United States, based in Strafford, PA. It received its IRS tax-exemption ruling in July 1986, 40 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, Friends of Tredyffrin Public Library reported income of $70k and spending of $60k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $70k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Tredyffrin Public Library sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within PA. Charities of a similar size with the same main cause include Sunny Shores Sea Camp Inc ($70k), Little League Baseball Inc ($70k) and Delaware Choral Society ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.