Friends of the Pikes Peak Library District

Analysis

Friends of the Pikes Peak Library District is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Pikes Peak Library District reported income of $220k and spending of $217k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $220k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Pikes Peak Library District sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include 10four ($220k), North Boulder Little League ($220k) and Charlotte Youth Ballet Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% and program service revenue 6.4% of the total. Other salaries and wages came to $48k. At year end it held assets of $318k against liabilities of $13k, net assets of $305k. It reported 1 employees.