Public Library Foundation of Beaufort County

Analysis

Public Library Foundation of Beaufort County is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Public Library Foundation of Beaufort County reported income of $121k and spending of $14k, leaving 89% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $129k to $121k (-6.4%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Library Foundation of Beaufort County sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Jefferson High School Chorus Boosters ($121k), Rock Valley Community School District Foundation ($121k) and WHS Booster Club Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $801k against liabilities of $0, net assets of $801k.