Friends of the St Paul Public Library

Analysis

Friends of the St Paul Public Library is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1960, 66 years ago. 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 St Paul Public Library reported income of $3.5m and spending of $2.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the St Paul Public Library sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Brunswick Academy Association Inc ($3.5m), St Vincent de Paul Place Norwich Inc ($3.5m) and Immanuel Church Housing Corp ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $339k (12% of expenses). Other salaries and wages came to $849k. At year end it held assets of $19.1m against liabilities of $586k, net assets of $18.5m. It reported 18 employees.