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Arts, Culture, Humanities : Libraries, Historical Societies and Landmark Preservation

Library Company of Philadelphia

Connecting readers and rare books

three stars

83.08

1314 Locust Street Philadelphia, PA 19107
tel: (215) 546-3181   Web Site
EIN: 23-1370444

Board Leadership
Howell K. Rosenberg
President

CEO
Michael J. Barsanti
Edwin Wolf 2nd Director

  Score
(out of 100)
Rating
Overall Score & Rating 83.08 three stars
  Financial 81.36 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Library Company of Philadelphia (LCP) is America's first successful lending library and oldest cultural institution. Founded in 1731 by Benjamin Franklin, LCP is an independent research library concentrating on American society and culture from the 17th through 19th centuries. Free and open to the public, the LCP houses an extensive non-circulating collection of rare books, manuscripts, broadsides, ephemera, prints, photographs and works of art. The mission of the LCP is to preserve, interpret, make available, and augment the valuable materials within our care. We serve a diverse constituency throughout Philadelphia and the nation, offering comprehensive reader services, an internationally renowned fellowship program, an online public access catalog, and regular exhibitions and public programs.

The Library Company of Philadelphia (LCP) is America's first successful lending library and oldest cultural institution. Founded in 1731 by Benjamin Franklin, LCP is an independent research library concentrating on American society and culture from the 17th through 19th centuries. Free and open to the public, the LCP houses an extensive non-circulating collection of rare books, manuscripts, broadsides, ephemera, prints, photographs and works of art. The mission of the LCP is to preserve, interpret, make available, and augment the valuable materials within our care. We serve a diverse constituency throughout Philadelphia and the nation, offering comprehensive reader services, an internationally renowned fellowship program, an online public access catalog, and regular exhibitions and public programs.

Financial

three stars

81.36

Accountability & Transparency

three stars

85.00

This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
73.0%
  Administrative Expenses 19.6%
  Fundraising Expenses 7.3%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 2.70
  Program Expenses Growth 0.3%
  Liabilities to Assets 0.6%
All data for Financial Performance Metrics calculations was provided by Library Company of Philadelphia on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Library Company of Philadelphia on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Library Company of Philadelphia (PA) 83.08 three stars
Franklin and Eleanor Roosevelt Institute (NY) 88.17 three stars
John F. Kennedy Library Foundation (MA) 86.32 three stars
Boston Athenæum (MA) 88.17 three stars
The Richard Nixon Foundation (CA) 91.16 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,338,834
   Federated Campaigns $0
   Membership Dues $115,703
   Fundraising Events $42,235
   Related Organizations $0
   Government Grants $5,404
Total Contributions $2,502,176
   Program Service Revenue $110,460
Total Primary Revenue $2,612,636
   Other Revenue $2,223,856
TOTAL REVENUE $4,836,492
   
EXPENSES  
   Program Expenses $2,425,721
   Administrative Expenses $716,055
   Fundraising Expenses $306,259
TOTAL FUNCTIONAL EXPENSES $3,448,035
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,388,457
   
Net Assets $33,737,654

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Library Operations $2,425,721 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 06/01/2020 83.08 three stars
2017-12 02/01/2020 83.33 three stars
2016-12 05/01/2018 86.21 three stars
2015-12 06/01/2017 87.43 three stars
2014-12 06/01/2016 87.50 three stars
 
CN 2.0
2013-12 07/01/2015 87.17 three stars
2012-12 12/01/2013 89.12 three stars
2011-12 02/01/2013 89.24 three stars
2010-12 04/01/2012 88.90 three stars
2009-12 09/20/2011 87.32 three stars
 
CN 1.0
2009-12 06/01/2011 85.84 three stars
2008-12 06/01/2010 73.95 two stars
2007-12 12/17/2008 80.56 three stars
2006-12 03/01/2008 94.76 four stars
2005-12 12/01/2006 88.50 three stars
2004-12 02/01/2006 95.21 four stars
2003-12 02/01/2005 91.60 four stars
2002-12 12/01/2003 81.02 three stars
2001-12 10/15/2002 88.83 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-1370444
Name in IRS Master File LIBRARY COMPANY OF PHILADELPHIA
NTEE Code B76
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Literary Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (61) Library
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date November, 1934
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
Compensation % of Expenses Paid to Title
$150,912 4.37% Michael Barsanti Edwin Wolf 2nd Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Library Company of Philadelphia (PA) 83.08 three stars
Franklin and Eleanor Roosevelt Institute (NY) 88.17 three stars
National Yiddish Book Center (MA) 86.86 three stars
The HistoryMakers (IL) 85.26 three stars
The Newberry Library (IL) 85.16 three stars

Compare These Charities (Highly Rated)

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Charity Contact Info

Library Company of Philadelphia
1314 Locust Street
Philadelphia, PA 19107
tel: (215) 546-3181
fax: (215) 546-5167
EIN: 23-1370444

Visit Web Site

Board Leadership

Howell K. Rosenberg
President

CEO

Michael J. Barsanti
Edwin Wolf 2nd Director

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