Center for Research Libraries

Analysis

Center for Research Libraries is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1950, 76 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 June 2023, Center for Research Libraries reported income of $9.3m and spending of $6.2m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $9.3m (+6.8%), an average of +1.7% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Research Libraries sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($9.3m), Home Health Management Services Inc ($9.3m) and Catholic Charities of the Archdiocese of Omaha Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $263k (4.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $23.7m against liabilities of $6.7m, net assets of $17.0m. It reported 63 employees.