Manchester City Library Foundation

Analysis

Manchester City Library Foundation is a registered charity in United States, based in Johnston, RI. It received its IRS tax-exemption ruling in July 1991, 35 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, Manchester City Library Foundation reported income of $110k and spending of $61k, leaving 44% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $142k to $110k (-22%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Manchester City Library Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within RI. Charities of a similar size with the same main cause include Forster Ranch Education Foundation ($110k), SLM Golf Tournament Inc ($110k) and Elevate Ecosystem Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.