Friends of the Tempe Public Library Inc

Analysis

Friends of the Tempe Public Library Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in April 1980, 46 years ago. 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 2021, Friends of the Tempe Public Library Inc reported income of $128k and spending of $117k, spending 92% of its income. Across the 2 years on record, from June 2020 to June 2021, income fell from $238k to $128k (-46%), an average of -46% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Tempe Public Library Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within AZ. Charities of a similar size with the same main cause include North Carolina Genealogical Society Inc ($128k), Sertoma Inc ($128k) and 532 East Sixth Street Housing Development Fund Corporation ($128k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $27k (23% of expenses). Other salaries and wages came to $14k. At year end it held assets of $203k against liabilities of $47k, net assets of $157k. It reported 8 employees.