Columbus Library Foundation

Analysis

Columbus Library Foundation is a registered charity in United States, based in Columbus, NE. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, Columbus Library Foundation reported income of $1.7m and spending of $4.7m, spending 279% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $1.7m (+542%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 509%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbus Library Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Jackson Friendly Home ($1.7m), Bethlehem House ($1.7m) and Otter Creek Child Center Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.