American Philatelic Research Library

Analysis

American Philatelic Research Library is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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, American Philatelic Research Library reported income of $975k and spending of $1.3m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $975k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Philatelic Research Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Justice College ($975k), Little Gems of the Sierra Preschool Inc ($975k) and New Haven Works Inc ($974k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 53% of the total. Other salaries and wages came to $245k. At year end it held assets of $13.1m against liabilities of $82k, net assets of $13.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.