Friends & Foundation of the San Francisco Public Library

Analysis

Friends & Foundation of the San Francisco Public Library is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1963, 63 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 June 2023, Friends & Foundation of the San Francisco Public Library reported income of $5.4m and spending of $4.0m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.2m to $5.4m (+67%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends & Foundation of the San Francisco Public Library sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Community College of Allegheny County-Education Foundation ($5.4m), City Academy Inc ($5.4m) and South Carolina First Steps to School Readiness Board of Trustees ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $392k (9.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.1m against liabilities of $546k, net assets of $9.6m. It reported 24 employees.