Friends of the Louisville Free Public Library

Analysis

Friends of the Louisville Free Public Library is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Louisville Free Public Library reported income of $76k and spending of $59k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $76k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Louisville Free Public Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include MLK Commemorative Committee Inc ($76k), Pacific Coast Conference ($76k) and Northwest Gis User Group Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $342k against liabilities of $0, net assets of $342k.