Library Foundation Inc Serving the People of Multnomah County

Analysis

Library Foundation Inc Serving the People of Multnomah County is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Library Foundation Inc Serving the People of Multnomah County reported income of $3.0m and spending of $3.8m, spending 129% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $3.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Library Foundation Inc Serving the People of Multnomah County 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 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include LSST Inc ($3.0m), Mahoning Valley Historical Society ($3.0m) and Childrens Museum of Rock County Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $236k (6.2% of expenses). Other salaries and wages came to $423k. At year end it held assets of $27.7m against liabilities of $1.3m, net assets of $26.4m. It reported 8 employees.