Broward Public Library Foundation

Analysis

Broward Public Library Foundation is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in April 1983, 43 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 September 2023, Broward Public Library Foundation reported income of $1.0m and spending of $936k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $1.0m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to September 2023, when income dropped by 38%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Broward Public Library Foundation 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Student Aces Inc ($1.0m), Albert Shanker College Scholarship Fund of the United Fed of Teachers ($1.0m) and High Country Christian Education Ministries ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $115k (12% of expenses). Other salaries and wages came to $213k. At year end it held assets of $13.0m against liabilities of $69k, net assets of $13.0m. It reported 6 employees.