Friends of the Multnomah County Library

Analysis

Friends of the Multnomah County Library is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Multnomah County Library reported income of $308k and spending of $175k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $457k to $308k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 82% 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 Multnomah County Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Prepare Institute ($308k), Evergreen School District 114 Foundation ($308k) and Kentucky Farm Bureau Insurance Foundation Inc ($308k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $25k (14% of expenses). Other salaries and wages came to $67k. At year end it held assets of $857k against liabilities of $13k, net assets of $844k. It reported 6 employees.