Austin Public Library Friends Foundation

Analysis

Austin Public Library Friends Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1996, 30 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, Austin Public Library Friends Foundation reported income of $807k and spending of $715k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $807k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Austin Public Library Friends Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include American Farriers Association Inc ($807k), Rhode Island College Student Community Government Inc ($807k) and Kingdom Christian Academy ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $135k (19% of expenses). Other salaries and wages came to $101k. At year end it held assets of $1.5m against liabilities of $2,299, net assets of $1.5m. It reported 3 employees.