Friends of the Salem Public Library

Analysis

Friends of the Salem Public Library is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Friends of the Salem Public Library reported income of $107k and spending of $77k, leaving 28% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income grew from $74k to $107k (+44%), an average of +44% a year. The sharpest change came in the year to January 2024, when income rose by 44%. Over the whole period it spent 85% 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 Salem Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within OR. Charities of a similar size with the same main cause include Winewomen PSP Inc ($107k), Johnson County Extension Education Foundation ($107k) and Irvington Education Foundation Inc ($107k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $157k against liabilities of $733, net assets of $157k.