Friends and Foundation of the Rochester Public Library

Analysis

Friends and Foundation of the Rochester Public Library is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in July 1989, 37 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, Friends and Foundation of the Rochester Public Library reported income of $3.1m and spending of $1.9m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $677k to $3.1m (+360%), an average of +46% a year. The sharpest change came in the year to June 2021, when income rose by 1188%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends and Foundation of the Rochester Public Library sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Southern Oklahoma Library System Incorporated ($3.1m), Alexandria Technical & Community College Foundation ($3.1m) and Northeast Community College Foundation ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $117k (6.0% of expenses). Other salaries and wages came to $210k. At year end it held assets of $30.2m against liabilities of $202k, net assets of $30.0m. It reported 7 employees.