City of Omaha Public Library Foundation

Analysis

City of Omaha Public Library Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 1986, 40 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, City of Omaha Public Library Foundation reported income of $1.8m and spending of $1.0m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $861k to $1.8m (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 506%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City of Omaha 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 85th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Midwest Business Group on Health ($1.8m), Big Brothers Big Sisters Hawaii Inc ($1.8m) and Presbyterian Camps and Conferences Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $155k. At year end it held assets of $5.6m against liabilities of $134k, net assets of $5.4m. It reported 2 employees.