Friends of the Phoenix Public Library Inc

Analysis

Friends of the Phoenix Public Library Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Friends of the Phoenix Public Library Inc reported income of $317k and spending of $351k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $496k to $317k (-36%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 129% 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 Phoenix Public Library Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include New Philadelphia Youth Soccer Association Inc ($317k), Ccbo Inc ($317k) and Peace Village Posters 4 Peace ($317k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $221k. At year end it held assets of $128k against liabilities of $89k, net assets of $39k. It reported 8 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.