Jacksonville Public Libraries Foundation Inc

Analysis

Jacksonville Public Libraries Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 1987, 39 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, Jacksonville Public Libraries Foundation Inc reported income of $1.8m and spending of $595k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $1.8m (+283%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 667%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jacksonville Public Libraries Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Fort Mill District Band Booster Club Inc ($1.8m), Briarfield Academy ($1.8m) and Delmar Multi-Cultural Arts Academy Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $135k (23% of expenses). Other salaries and wages came to $100k. At year end it held assets of $4.4m against liabilities of $223k, net assets of $4.2m. It reported 3 employees.