Indianapolis-Marion County Public Library Foundation

Analysis

Indianapolis-Marion County Public Library Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1969, 57 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 December 2023, Indianapolis-Marion County Public Library Foundation reported income of $2.6m and spending of $3.3m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.6m (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indianapolis-Marion County Public Library Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Victory Christian Academy ($2.6m), Muslim Education Resource Council ($2.6m) and Ilm Academy Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $303k (9.2% of expenses). Other salaries and wages came to $333k. At year end it held assets of $24.2m against liabilities of $43k, net assets of $24.2m. It reported 9 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.