Overview
What is The Library Company Of Philadelphia?
The Library Company of Philadelphia is an esteemed independent research library, positioned in the heart of Philadelphia, Pennsylvania. With a strong focus on American history and culture, this nonprofit organization houses a vast collection of primary source materials from the 17th to 19th centuries. Its mission is to enrich public understanding by fostering advanced research in these areas. The Library Company offers exhibits, programs, and publications, catering to both its members and the general public. With a workforce of 34 dedicated individuals, it serves as a valuable resource for scholars, historians, and anyone seeking to delve into the rich tapestry of American history.
Official website here: www.librarycompany.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that The Library Company Of Philadelphia has achieved a Four-Star out of Four Star rating, reflecting excellent standards in accountability and financial management. This high score is derived solely from their Accountability & Finance metrics, showcasing a strong commitment to transparency and responsible stewardship of funds.
The organization demonstrates solid governance through its majority independent board, consisting entirely of independent members, and effective financial oversight with an audit committee. All relevant policies, including conflict of interest and whistleblower policies, are in place, ensuring ethical operations. Furthermore, their financial health is robust, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of their funding directly supports their mission.
While the data highlights many strengths, no specific limitations were noted in the feedback, suggesting that The Library Company Of Philadelphia operates with a strong commitment to ethical practices and financial responsibility. Overall, this nonprofit exemplifies trustworthy management, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Library Company Of Philadelphia legitimate?
The Library Company Of Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Library Company Of Philadelphia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $336,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,427,797
For more financial information, click here
Official website here: www.librarycompany.org
What is the mission statement of The Library Company Of Philadelphia?
The Library Company of Philadelphia, an independent research library, is dedicated to enriching the public's understanding of American history and culture. Their mission is achieved by fostering advanced research in their collection of primary source materials relating to American history and culture from the 17th to 19th centuries. The organization operates a rare book repository and research library, offering exhibits, programs, and publications for both members and the general public, aiming to contribute significantly to historical studies.
Official website here: www.librarycompany.org
Who is the CEO of The Library Company Of Philadelphia?
Emily Guthrie is the President of The Library Company Of Philadelphia.
Official website here: www.librarycompany.org
What is the revenue of The Library Company Of Philadelphia?
The Library Company Of Philadelphia's revenue in 2022 was $2,432,009.
Official website here: www.librarycompany.org
Who are the executives of The Library Company Of Philadelphia and what are their salaries?
The average compensation at The Library Company Of Philadelphia during 2022 was $51,894. There are 34 employees at The Library Company Of Philadelphia.
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Official website here: www.librarycompany.org
Where can I find the form 990 for The Library Company Of Philadelphia?
The Library Company Of Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.librarycompany.org
Learn more at the official website: www.librarycompany.org
Mission Statement of The Library Company Of Philadelphia
The Library Company of Philadelphia, a renowned independent research library, is dedicated to enriching the public's understanding of American history and culture. Its mission is to foster advanced research in its extensive collections of primary source materials pertaining to American history and culture from the 17th to the 19th centuries. By doing so, the library aims to contribute significantly to the scholarly community and the general public's knowledge of the nation's past. To fulfill this mission, The Library Company of Philadelphia operates a rare book repository and research library, presenting exhibits, programs, and publications for its members and the general public. The library's unique offerings provide an invaluable resource for those seeking to delve deeper into our nation's rich history and cultural heritage.
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Impact
October, 2024
The Library Company of Philadelphia serves as a vital independent research library focused on the study of American history and culture. Its operation as a rare book repository and research library fosters advanced research, providing access to a wealth of primary source materials that span the 17th through 19th centuries. By presenting exhibits, programs, and publications, it enriches the public's understanding of the nation’s historical narrative.
The Library Company plays a crucial role in promoting scholarship and education, facilitating research for historians, students, and the general public. Its commitment to showcasing and interpreting America's past enables a deeper appreciation of the complexities of historical events and cultural developments, ultimately contributing to a more informed society. With its extensive collections, the Library Company remains a cornerstone for those seeking to explore and understand the foundational elements of American history.
This information is meant to be a general summary of The Library Company Of Philadelphia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $286,846
- Program Service Revenue: $179,539
- Gross Receipts: $5,348,478
Assets and Liabilities:
- Total Assets: $34,094,933
- Total Liabilities: $293,358
- Net Assets: $33,801,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER LIBRARY SERVICES
Revenue
$179,539
Organization Details
Founding Year
1731
Phone
(215) 546-3181Principal Officer
Emily Guthrie
Main Address
1314 LOCUST STREET, PHILADELPHIA, PA, 19107
Website
www.librarycompany.orgNTEE Category
Code: B76Z - Education
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