Ames Public Library Friends Foundation

Analysis

Ames Public Library Friends Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in August 1996, 30 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, Ames Public Library Friends Foundation reported income of $466k and spending of $480k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $259k to $466k (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 733%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ames Public Library Friends Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within IA. Charities of a similar size with the same main cause include Orcas Island Childrens House ($466k), McCall Public Library Foundation Inc ($466k) and SFM Foundation ($466k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $12k. At year end it held assets of $3.2m against liabilities of $488, net assets of $3.2m. It reported 1 employees.