Nashville Public Library Foundation

Analysis

Nashville Public Library Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nashville Public Library Foundation reported income of $3.6m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $3.6m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nashville Public Library Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Cascade Public Schools ($3.6m), Beaver County Christian School Association ($3.6m) and Flagstaff Junior Academy ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $157k (4.5% of expenses). At year end it held assets of $18.2m against liabilities of $389k, net assets of $17.8m. It reported 13 employees.