FRIENDS OF THE FREE LIBRARY OF PHILADELPHIA INC

EIN: 237351482 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$147,942
Total Expenses
$230,293
Total Assets
$1,195,778
Net Assets
$1,186,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
PA
Principal Officer
LINDA COLWELL-SMITH
Phone
2155674569
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE FREE LIBRARY OF PHILADELPHIA INC, founded in 1973, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $230K exceeded revenue, resulting in a 56% operating deficit.

Mission

FRIENDS OF THE FREE LIBRARY OF PHILADELPHIA, INC. (THE ORGANIZATION), FOUNDED IN 1973, IS AN INDEPENDENT, NONPROFIT ORGANIZATION THAT SUPPORTS THE 54-BRANCH FREE LIBRARY SYSTEM BY ESTABLISHING AND ASSISTING A NETWORK OF NEIGHBORHOOD-BASED FRIENDS GROUPS WHO STRENGTHEN AND STEWARD THEIR LOCAL LIBRARY; ADVOCATING FOR STABLE, EQUITABLE AND SIGNIFICANT LIBRARY SERVICES FOR THE CITY OF PHILADELPHIAS CHILDREN AND ADULTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,072
Program Service Revenue $115,556
Investment Income $314
Other Revenue $0
TOTAL REVENUE $147,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $159,309
Fundraising Expenses $0
Program Expenses $207,263
Other Expenses $70,984
TOTAL EXPENSES $230,293

Year-over-Year Comparison

2024 2023 Change
Revenue $147,942 $523,266 -0.7%
Expenses $230,293 $275,107 -0.2%
Net Income $-82,351 $248,159 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YVETTE HILL ROBINSON CO-CHAIR OF 1.00
Officer Director
$0 $0 $0
LINDA COLWELL-SMITH CO-CHAIR OF 1.00
Officer Director
$0 $0 $0
MYRA PARKER TREASURER 1.00
Officer Director
$0 $0 $0
ALICE WELLS SECRETARY 1.00
Officer Director
$0 $0 $0
ANNA STEINER DIRECTOR 1.00
Director
$0 $0 $0
BETTY BAURFORT DIRECTOR 1.00
Director
$0 $0 $0
ERME MAULA DIRECTOR 1.00
Director
$0 $0 $0
JAN LESEUR DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $147,942 $230,293 $1,195,778 $-82,351
2024 $523,266 $275,107 $1,285,417 $248,159
2023 $929,690 $186,657 $1,034,149 $743,033
2022 $169,890 $130,846 $278,992 $39,044
2021 $146,131 $92,619 $239,893 $53,512
2020 $81,649 $104,225 $185,192 $-22,576
2019 $188,312 $138,093 $208,384 $50,219
2018 $131,476 $172,513 $349,462 $-41,037
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