Free Public Library of Highland Park

Analysis

Free Public Library of Highland Park is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in March 1991, 35 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, Free Public Library of Highland Park reported income of $1.6m and spending of $1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Free Public Library of Highland Park sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Community Library Association ($1.6m), Lake and Park School ($1.6m) and Careerworks Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Other salaries and wages came to $447k. At year end it held assets of $660k against liabilities of $10k, net assets of $650k.