Racine Public Library Foundation Inc

Analysis

Racine Public Library Foundation Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in August 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, Racine Public Library Foundation Inc reported income of $130k and spending of $382k, spending 295% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $144k to $130k (-10%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 172% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Racine Public Library Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within WI. Charities of a similar size with the same main cause include Ottawa Library Endowment Fundinc ($129k), Graham Public Education Foundation ($130k) and Murray County Future ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.0% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.