Education (B71Z) IRS Verified DX Registered 990 on File

ENOCH PRATT FREE LIBRARY OF BALTIMORE CITY

EIN: 52-6001143 · BALTIMORE, MD 21201-4401 · United States · FY 2024 Data

3 out of 5 59 / 100 Based on 2+ years of filings

Financial strength (30%) 85/100

Reliability (20%) 55/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

The Pratt’s mission is to provide equal access to information and services that empower, enrich, and enhance the quality of life for all. Today’s Pratt Library serves as Baltimore’s public library and Maryland’s State Library. It consists of the Central Library, 21 branches, two mobile libraries, five Pratt Centers for Technology Training, and the Regional Information Center. Pratt programs and services support Library goals of building a literate society, advancing job and career opportunities, strengthening communities, and fostering personal, academic and cultural achievement. In FY14, 1.7 million people visited the Pratt’s Central Library and neighborhood branches, making it one of Baltimore’s most important resources.

Financial Overview — FY 2024

$57.3M

Total Revenue

$59.8M

Total Expenses

$194.0M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 93.9%

Fundraising Efficiency N/A

Operating Reserve 38.93x

Liability-to-Asset 5.8%

Revenue Diversification 88.3%

Executive Compensation $0

Compared with Peers

FY 2024

Compared with 1,943 similar organizations (United States, Education, $10M–$100M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	93.9%	84.6%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	4.8%	13.3%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	1.3%	0.7%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	38.9 mo	10.6 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	5.8%	31.2%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	88.3%	88.3%	P10P90	Below median
Revenue growth Year over year revenue growth	3.9%	7.9%	P10P90
Expense growth Year over year expense growth	0.9%	7.4%	P10P90
Surplus margin Surplus as a share of revenue	-4.4%	3.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$57.3M	$59.8M	$194.0M	93.9%	49
2023	$55.1M	$59.3M	$197.6M	92.7%	49
2022	$51.1M	$59.2M	$203.6M	92.6%	54
2021	$48.2M	$50.7M	N/A	—	54
2020	$144.6M	$51.9M	N/A	—	53

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Organization Details

EIN: 52-6001143
State: MD
City: BALTIMORE
ZIP: 21201-4401
Classification: B71Z
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1886
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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