Frankford Public Library Ltd

Analysis

Frankford Public Library Ltd is a registered charity in United States, based in Frankford, DE. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2024, Frankford Public Library Ltd reported income of $371k and spending of $446k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $272k to $371k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frankford Public Library Ltd sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within DE. Charities of a similar size with the same main cause include Supporting Older Adults Through Resources Inc ($371k), Holy Redeemer Parish Foundation ($371k) and Marin Charitable Association ($371k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Other salaries and wages came to $212k. At year end it held assets of $292k against liabilities of $3,094, net assets of $289k. It reported 11 employees.