Boston Public Library Fund Inc

Analysis

Boston Public Library Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Boston Public Library Fund Inc reported income of $5.6m and spending of $5.0m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.2m to $5.6m (+7.3%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boston Public Library Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Special Education for Exceptional Kids Inc ($5.6m), Stoneybrooke Christian Schools ($5.6m) and The Willow School Inc ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $320k (6.4% of expenses). Other salaries and wages came to $724k. It paid $127k in professional fundraising fees. At year end it held assets of $12.4m against liabilities of $889k, net assets of $11.6m. It reported 11 employees.