Concord Public Library Foundation of Concord NH

Analysis

Concord Public Library Foundation of Concord NH is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in February 1964, 62 years ago. 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, Concord Public Library Foundation of Concord NH reported income of $61k and spending of $37k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $23k to $61k (+161%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 253%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Public Library Foundation of Concord NH sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NH. Charities of a similar size with the same main cause include Starting Point Outreach Center ($61k), Global Outreach for Christ Inc ($61k) and Alabama Power Service Organization Inc ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $968k against liabilities of $0, net assets of $968k.