Friends of the University Park Public Library

Analysis

Friends of the University Park Public Library is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1992, 34 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 September 2023, Friends of the University Park Public Library reported income of $211k and spending of $136k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $130k to $211k (+62%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 21%. 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, Friends of the University Park Public Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Bridgeport Hope School Inc ($211k), Faith Hope and Love Global Ministries ($211k) and Cedar Hill Isd Education Foundation Inc ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.1m against liabilities of $285, net assets of $1.1m.