Public Library Fund Inc

Analysis

Public Library Fund Inc is a registered charity in United States, based in Athens, TX. It received its IRS tax-exemption ruling in January 1972, 54 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, Public Library Fund Inc reported income of $61k and spending of $25k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $61k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 297%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Library Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($61k), North Morristown Community Club Inc ($61k) and Watsonville Rotary Foundation ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $462k against liabilities of $0, net assets of $462k.