Friends of the Davenport Public Library

Analysis

Friends of the Davenport Public Library is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in December 1983, 43 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 March 2024, Friends of the Davenport Public Library reported income of $616k and spending of $751k, spending 122% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $309k to $616k (+99%), an average of +19% a year. The sharpest change came in the year to March 2023, when income rose by 171%. Over the whole period it spent 115% 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 Davenport Public Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Swedishamerican Foundation ($616k), Larkspur Conservation ($616k) and St Louis Eagles Basketball Club ($616k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $2.8m against liabilities of $1,947, net assets of $2.8m.