Disable all preview features
There was a problem enabling Giving Basket donations for this page. If you're looking to donate you can try refreshing the page.
If the problem perisists you can contact us or email: helpandsupport@charitynavigator.org.
You can include the Cart ID: Not assigned

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

Library Company of Philadelphia

Connecting readers and rare books

82.09

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

Charity Navigator

Error attempting donation

You're too fast!

Your donation attempt encountered a problem. Please refresh the page to try again.

You're faster than our page! Give the page a little longer to finish loading and try your donation again.

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 82.09
  Financial 77.20
  Accountability & Transparency 89.00
This rating was published 09/01/2021 and includes data from FY2019, 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

77.20

Accountability & Transparency

89.00

This rating was published 09/01/2021 and includes data from FY2019, 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)
70.6%
  Administrative Expenses 21.3%
  Fundraising Expenses 8.0%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 2.99
  Program Expenses Growth 0.3%
  Liabilities to Assets 0.3%
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

REVENUE  
Contributions  
   Contributions, Gifts & Grants $724,217
   Federated Campaigns $0
   Membership Dues $173,732
   Fundraising Events $73,178
   Related Organizations $0
   Government Grants $230,404
Total Contributions $1,201,531
   Program Service Revenue $130,848
Total Primary Revenue $1,332,379
   Other Revenue $1,926,736
TOTAL REVENUE $3,259,115
   
EXPENSES  
   Program Expenses $2,717,296
   Administrative Expenses $821,078
   Fundraising Expenses $318,771
TOTAL FUNCTIONAL EXPENSES $3,857,145
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-598,030
   
Net Assets $36,273,910

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 $2,717,296 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 09/01/2021 82.09
2018-12 06/01/2020 83.08
2017-12 02/01/2020 83.33
2016-12 05/01/2018 86.21
2015-12 06/01/2017 87.43
2014-12 06/01/2016 87.50
 
CN 2.0
2013-12 07/01/2015 87.17
2012-12 12/01/2013 89.12
2011-12 02/01/2013 89.24
2010-12 04/01/2012 88.90
2009-12 09/20/2011 87.32
 
CN 1.0
2009-12 06/01/2011 85.84
2008-12 06/01/2010 73.95
2007-12 12/17/2008 80.56
2006-12 03/01/2008 94.76
2005-12 12/01/2006 88.50
2004-12 02/01/2006 95.21
2003-12 02/01/2005 91.60
2002-12 12/01/2003 81.02
2001-12 10/15/2002 88.83

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
$154,249 3.99% Michael Barsanti Edwin Wolf 2nd Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Library Company of Philadelphia (PA) 82.09
The Huntington Library, Art Collections, and Botanical Gardens (CA) 91.13
YIVO Institute for Jewish Research (NY) 92.28
Boston Athenæum (MA) 88.17
Harry S. Truman Library Institute (MO) 95.47

Compare These Charities (Highly Rated)

Are you the representative for this organization? If so, click here to access the application form. As an official representative you will have the ability to update some of the information on this page.

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

Join Our Mailing List

Join over 400,000 other informed givers and get updates on charity ratings, new features, hot topics, and tips for donating.