Friends of the Salt Lake City Public Library

Analysis

Friends of the Salt Lake City Public Library is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in July 1976, 50 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 2023, Friends of the Salt Lake City Public Library reported income of $167k and spending of $165k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $314k to $167k (-47%), an average of -19% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Salt Lake City Public Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within UT. Charities of a similar size with the same main cause include Shaw Alumni Association Inc ($167k), Ke Kula O Hoomakuapono ($167k) and Oppia Foundation Inc ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $93k (56% of expenses). Other salaries and wages came to $15k. At year end it held assets of $147k against liabilities of $698, net assets of $146k. It reported 2 employees.