Des Moines Public Library Foundation

Analysis

Des Moines Public Library Foundation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Des Moines Public Library Foundation reported income of $834k and spending of $640k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $834k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Des Moines Public Library Foundation sits at the 79th percentile: it is larger than about 79% 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 Franklin County Community Foundation Inc ($834k), Global Cultural Exchanges ($834k) and Jewish Federation of Ventura County ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $123k (19% of expenses). Other salaries and wages came to $38k. At year end it held assets of $4.8m against liabilities of $76k, net assets of $4.7m. It reported 3 employees.