Reading Public Library Foundation

Analysis

Reading Public Library Foundation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reading Public Library Foundation reported income of $290k and spending of $392k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $290k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reading Public Library Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Guadalupe County United Way Inc ($290k), Geneva Community Chest ($290k) and Amplify My Community Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $664k against liabilities of $7,600, net assets of $657k.