Iowa City Public Library Friends Foundation

Analysis

Iowa City Public Library Friends Foundation is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in August 1983, 43 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 June 2024, Iowa City Public Library Friends Foundation reported income of $837k and spending of $389k, leaving 54% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $549k to $837k (+53%), an average of +8.8% a year. The sharpest change came in the year to June 2024, when income rose by 194%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iowa City Public Library Friends Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Greenville Literacy Association Inc ($837k), Waukegan to College NFP ($837k) and Little Bulgarian School in Chicago ($837k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.8m against liabilities of $288k, net assets of $2.5m.