Wichita Public Library Foundation Inc

Analysis

Wichita Public Library Foundation Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wichita Public Library Foundation Inc reported income of $1.6m and spending of $649k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.6m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wichita Public Library Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Digibridge Inc ($1.6m), South Choctaw Academy Inc ($1.6m) and Micds Scholarship Fund ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $134k (21% of expenses). At year end it held assets of $10.2m against liabilities of $1.4m, net assets of $8.8m. It reported 3 employees.