High Point Public Library Foundation Inc

Analysis

High Point Public Library Foundation Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, High Point Public Library Foundation Inc reported income of $65k and spending of $7,179, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $241k to $65k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 3.5% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, High Point Public Library Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Oswego High School Band Parents Association Inc ($65k), Peacock Productions Inc ($65k) and Mary Tsukamoto School Parent Teacher Organization ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $398k against liabilities of $0, net assets of $398k.