Friends of the Seattle Public Library

Analysis

Friends of the Seattle Public Library is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1942, 84 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 December 2023, Friends of the Seattle Public Library reported income of $212k and spending of $227k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $485k to $212k (-56%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 101% 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 Seattle Public Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Livingston County Library Charitable TR ($212k), Discovery Therapies Inc ($212k) and Estate Planning Council of New York City Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Other salaries and wages came to $130k. At year end it held assets of $272k against liabilities of $13k, net assets of $259k. It reported 3 employees.