Schlow Library Foundation Inc

Analysis

Schlow Library Foundation Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in August 1973, 53 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, Schlow Library Foundation Inc reported income of $334k and spending of $247k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $334k (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Schlow Library Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Dutch School Los Angeles ($334k), Friends of the Lexington Public Library ($334k) and Mikvah Yisrael of Passiac Clifton ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.1m against liabilities of $733, net assets of $1.0m.