Harford County Public Library Foundation Inc

Analysis

Harford County Public Library Foundation Inc is a registered charity in United States, based in Belcamp, MD. It received its IRS tax-exemption ruling in July 1999, 27 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 June 2023, Harford County Public Library Foundation Inc reported income of $992k and spending of $81k, leaving 92% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $351k to $992k (+183%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 7785%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Harford County Public Library Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include American Principles Project Foundation ($992k), Friends Of@gala ($992k) and Millbrook Library ($992k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $1.4m against liabilities of $179k, net assets of $1.2m.