Problem Library Inc

Analysis

Problem Library Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Problem Library Inc reported income of $98k and spending of $65k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $98k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Problem Library Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Nicaragua Para Cristo Mission Inc ($98k), Prairie Fire Theatre ($98k) and Flamenco NYC Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $68k against liabilities of $15k, net assets of $53k.