Louisville Free Public Library Foundation Inc

Analysis

Louisville Free Public Library Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1980, 46 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, Louisville Free Public Library Foundation Inc reported income of $2.8m and spending of $2.0m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $2.8m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisville Free Public Library Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Skyway Career Prep High School ($2.8m), Career Pathways ($2.8m) and Philadelphia Classical School ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $118k (6.0% of expenses). Other salaries and wages came to $265k. It paid $27k in professional fundraising fees. At year end it held assets of $19.5m against liabilities of $7.3m, net assets of $12.2m. It reported 5 employees.