King County Library System Foundation

Analysis

King County Library System Foundation is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in May 1995, 31 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, King County Library System Foundation reported income of $2.9m and spending of $2.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, King County Library System Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include North Peninsula Jewish Campus ($2.9m), University of Florida Alumni Association Inc ($2.9m) and Matthews Center for Visual Learning ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. It paid $103k in professional fundraising fees. At year end it held assets of $11.4m against liabilities of $115k, net assets of $11.2m.