Friends of the Jefferson Public Library

Analysis

Friends of the Jefferson Public Library is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Jefferson Public Library reported income of $166k and spending of $233k, spending 141% of what it took in. Across the 3 years on record, from May 2020 to December 2023, income grew from $88k to $166k (+89%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Jefferson Public Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within LA. Charities of a similar size with the same main cause include Society of American Military Engineers ($166k), Computing in Cardiology ($166k) and Guiding Star Project ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.