The San Jose Public Library Foundation

Analysis

The San Jose Public Library Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1997, 29 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, The San Jose Public Library Foundation reported income of $6.2m and spending of $6.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $6.2m (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The San Jose Public Library Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Adriel School Inc ($6.2m), Arete Scholars Fund Inc ($6.2m) and Panhandle-Plains Higher Education Foundation ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $198k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $16.6m against liabilities of $926k, net assets of $15.7m. It reported 54 employees.