Friends of the Public Library of Cincinnati and Hamilton County

Analysis

Friends of the Public Library of Cincinnati and Hamilton County is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1960, 66 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 March 2024, Friends of the Public Library of Cincinnati and Hamilton County reported income of $581k and spending of $515k, spending 89% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $429k to $581k (+36%), an average of +7.9% a year. The sharpest change came in the year to March 2022, when income rose by 53%. Over the whole period it spent 95% 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 Public Library of Cincinnati and Hamilton County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Red Mountain Community School ($581k), Brunswick Area Student Aid Fund ($582k) and Foundation for the Arts at the Core of Education ($581k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $57k (11% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.2m against liabilities of $75k, net assets of $1.1m. It reported 5 employees.