The Free Library of New Hope & Solebury

What it reported doing in 2025

The free library of new hope and solebury is a pa forward gold star library that has provided excellent library services to the public for over 100 years. Users are granted free and equal access to a large collection of children's and adult books, audiobooks, dvds, newspapers, and magazines. Additionally, the library offers a non-traditional collection of an online e-library, business and consumer databases, museum passes, preloaded tablets, kindles and s.t.e.a.m. Kits. Free wireless access and public use computers as well as educational and entertaining programming for all ages round out the offerings. As a member of the bucks county library system, the library has reciprocal borrowing privileges with other area libraries and across the country, which enhances its user services. See schedule o for addtl info. A professional staff provides reference guidance, reader's advisory services and computer assistance.additional information on programming -the summer reading program (srp): spread over three months, the srp served over 1,700 children and adults through june, july and august by hosting art with anita, the da vinci science center, lolly hopwood and the play patrol company, among other regular programs like weekly storytime and children's yoga.our adult crafting program series, including embroidery, knitting, felting, adult writers group and autobiographical journaling, served approximately 100 patrons a month and are now established as recurring monthly or biweekly programs.the tween/teen program expansion was made to include a chess club, nerd studio, magic the gathering club and a pokemon lunch club. These programs collectively served 40 tweens/teens a week during the height of summer.

Financial Efficiency

• Mission deployment rate: 69.3%; rating input score 69
• Program expense ratio: 74.7%; rating input score 75
• Fundraising efficiency: $18.23 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 13.6%; rating input score 62; 62nd percentile among comparable filings
• Total-asset coverage ratio: 8.49; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 21.7%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 2.4% per year; rating input score 100; 39th percentile among comparable filings
• Revenue growth: 1.8% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 50th percentile among comparable filings