Carnegie Library of Pittsburgh

Analysis

Carnegie Library of Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1952, 74 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Carnegie Library of Pittsburgh reported income of $47.3m and spending of $43.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.6m to $47.3m (+17%), an average of +3.9% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carnegie Library of Pittsburgh sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include California Western School of Law ($47.3m), Discovery Health Sciences Foundation Inc ($47.4m) and Citizens of the World Charter Schools - Los Angeles ($47.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $641k (1.5% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $138.4m against liabilities of $13.7m, net assets of $124.7m. It reported 523 employees.