Seattle Public Library Foundation

Analysis

Seattle Public Library Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1981, 45 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, Seattle Public Library Foundation reported income of $13.1m and spending of $7.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $13.1m (+72%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seattle Public Library Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Pennsylvania Automotive Association Foundation ($13.1m), Cross Trails Medical Center ($13.1m) and Center for Caregiver Advancement ($13.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $657k (8.9% of expenses). Other salaries and wages came to $573k. At year end it held assets of $93.8m against liabilities of $2.3m, net assets of $91.5m. It reported 9 employees.