Friends of the New Orleans Public Library

Analysis

Friends of the New Orleans Public Library is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1957, 69 years ago. 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, Friends of the New Orleans Public Library reported income of $359k and spending of $335k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $359k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 98% 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 New Orleans Public Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include North Central Mass Youth Hockey Inc ($359k), Oregon City Swim Team ($359k) and Habitat for Humanity International Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $56k (17% of expenses). Other salaries and wages came to $53k. At year end it held assets of $1.4m against liabilities of $870, net assets of $1.4m. It reported 3 employees.