Denver Public Library Friends Foundation

Analysis

Denver Public Library Friends Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1964, 62 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, Denver Public Library Friends Foundation reported income of $1.7m and spending of $2.0m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.7m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income rose by 193%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denver Public Library Friends Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Childrens Resource Fund Inc ($1.7m), Monarch Learning Center Charter School ($1.7m) and Page Ahead Childrens Literacy PRGM ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $229k (12% of expenses). Other salaries and wages came to $492k. At year end it held assets of $11.0m against liabilities of $214k, net assets of $10.8m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.