Friends of the Metropolitan Library System in Oklahoma County

Analysis

Friends of the Metropolitan Library System in Oklahoma County is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Metropolitan Library System in Oklahoma County reported income of $583k and spending of $378k, leaving 35% of income unspent that year. Across the 6 years on record, from April 2019 to June 2023, income grew from $423k to $583k (+38%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 9337%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Metropolitan Library System in Oklahoma County sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OK. Charities of a similar size with the same main cause include Love & Grace Christian Academy Inc ($583k), Lineman - Electrical Joint Apprenticeship and Training TR Fun ($584k) and Montessori Childrens House of Springfield ($583k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. At year end it held assets of $936k against liabilities of $2,471, net assets of $934k.