Phoenix Public Library Foundation

Analysis

Phoenix Public Library Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Phoenix Public Library Foundation reported income of $599k and spending of $761k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $390k to $599k (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 382%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Phoenix Public Library Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Institute for Workforce Development and Sustainability ($599k), Western Reserve Athletic Boosters Club Inc ($599k) and Stem4real ($599k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $136k (18% of expenses). Other salaries and wages came to $12k. At year end it held assets of $801k against liabilities of $94k, net assets of $707k. It reported 2 employees.