Friends of the Mt Lebanon Library

Analysis

Friends of the Mt Lebanon Library is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1955, 71 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 April 2024, Friends of the Mt Lebanon Library reported income of $237k and spending of $283k, spending 119% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $112k to $237k (+112%), an average of +16% a year. The sharpest change came in the year to April 2023, when income rose by 107%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Mt Lebanon Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Du Page Art League ($237k), N B C U S a Housing Inc Five ($237k) and Honor Flight Bay Area Foundation ($237k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $632k against liabilities of $92, net assets of $632k.