District of Columbia Public Library Foundation Inc

Analysis

District of Columbia Public Library Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1986, 40 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 2023, District of Columbia Public Library Foundation Inc reported income of $1.0m and spending of $2.2m, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $579k to $1.0m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 178%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, District of Columbia Public Library Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Citec Inc ($1.0m), Uniformed Firefighters Associations Scholarship Fund Inc ($1.0m) and Sara Marie School ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $199k (8.9% of expenses). At year end it held assets of $5.5m against liabilities of $214k, net assets of $5.3m. It reported 1 employees.