Jal Public Library Fund

Analysis

Jal Public Library Fund is a registered charity in United States, based in Jal, NM. It received its IRS tax-exemption ruling in August 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jal Public Library Fund reported income of $3.2m and spending of $2.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.2m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 242%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jal Public Library Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Suny College of Optometry Foundation ($3.2m), Emerge School for Autism Inc ($3.2m) and UCLA Alumni Association ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% of the total. Compensation of current officers, directors and key employees was $22k (1.0% of expenses). At year end it held assets of $29.5m against liabilities of $120k, net assets of $29.4m. It reported 20 employees.