Jefferson County Library Foundation Inc

Analysis

Jefferson County Library Foundation Inc is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in July 1969, 57 years ago. 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, Jefferson County Library Foundation Inc reported income of $606k and spending of $715k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $606k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jefferson County Library Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Laurelwood Academy Inc ($606k), Half Hollow Hills Swim Club Inc ($606k) and Ice Hockey in Harlem Inc ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $104k (15% of expenses). Other salaries and wages came to $132k. At year end it held assets of $1.1m against liabilities of $373k, net assets of $715k. It reported 5 employees.