Partners Library Action Network

Analysis

Partners Library Action Network is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2005, 21 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 August 2023, Partners Library Action Network reported income of $300k and spending of $327k, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $262k to $300k (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Partners Library Action Network sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include America Vietnam-Chinese Friendship Association ($300k), Noticeability Inc ($300k) and Kula for Karma ($300k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $122k (37% of expenses). Other salaries and wages came to $108k. It paid $7,350 in professional fundraising fees. At year end it held assets of $108k against liabilities of $35k, net assets of $73k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.