Enoch Pratt Free Library of Baltimore City

Analysis

Enoch Pratt Free Library of Baltimore City is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2024, Enoch Pratt Free Library of Baltimore City reported income of $57.3m and spending of $59.8m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $50.0m to $57.3m (+15%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 189%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Enoch Pratt Free Library of Baltimore City sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Charlotte Latin Schools Inc ($57.2m), Cabrillo Point Academy ($57.4m) and South Carolina First Steps to School Readiness Board of Trustees ($57.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 0.9% of the total. Other salaries and wages came to $24.2m. At year end it held assets of $205.8m against liabilities of $11.9m, net assets of $194.0m. It reported 49 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.