Friends of the Municipality of Anchorage Public Libraries

Analysis

Friends of the Municipality of Anchorage Public Libraries is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Municipality of Anchorage Public Libraries reported income of $144k and spending of $112k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $95k to $144k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Municipality of Anchorage Public Libraries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 41st percentile within AK. Charities of a similar size with the same main cause include Seattle Flow Arts Collective ($144k), Margret and H a Rey Center Inc ($144k) and Dane Arts Mural Arts Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 126% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.