Friends of the Ramsey County Libraries

Analysis

Friends of the Ramsey County Libraries is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Ramsey County Libraries reported income of $617k and spending of $356k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $617k (+158%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 769%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Ramsey County Libraries sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Newtown Childrens Museum Inc ($617k), Somali Artifact and Cultural Museum ($617k) and Historic Natchez Foundation ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $81k (23% of expenses). Other salaries and wages came to $68k. At year end it held assets of $3.9m against liabilities of $15k, net assets of $3.9m. It reported 3 employees.