Library Foundation for the Benefit of St Louis Public Library

Analysis

Library Foundation for the Benefit of St Louis Public Library is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1990, 36 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 September 2023, Library Foundation for the Benefit of St Louis Public Library reported income of $1.1m and spending of $788k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.1m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to September 2022, when income dropped by 46%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Foundation for the Benefit of St Louis Public Library sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Favored Foundation for Strengthening Families ($1.1m), Primed for Life Inc ($1.1m) and L Enfant Education Association Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $8.6m against liabilities of $1.0m, net assets of $7.6m.