Friends of the Dallas Public Library Inc

Analysis

Friends of the Dallas Public Library Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1951, 75 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, Friends of the Dallas Public Library Inc reported income of $637k and spending of $1.0m, spending 164% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $637k (-45%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 121% 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 Dallas Public Library Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Malvern Public Library ($637k), Shared Harvest Foundation Inc ($637k) and Saratoga Education Foundation ($637k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $98k (9.3% of expenses). Other salaries and wages came to $146k. At year end it held assets of $4.9m against liabilities of $29k, net assets of $4.8m. It reported 3 employees.