Palm Springs Public Library Foundation

Analysis

Palm Springs Public Library Foundation is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2022, Palm Springs Public Library Foundation reported income of $94k and spending of $25k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2020 to December 2022, income fell from $178k to $94k (-47%), an average of -47% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Palm Springs Public Library Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Northern Rhode Island Collaborative ($94k), The Cornerstone Forum ($94k) and Parent Booster USA Inc ($94k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 63% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.