Norfolk Library Foundation

Analysis

Norfolk Library Foundation is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Norfolk Library Foundation reported income of $72k and spending of $20k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $72k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Norfolk Library Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NE. Charities of a similar size with the same main cause include Rotary Club of Forsyth County Charities ($72k), Education Nexus Oregon ($72k) and Game Changers FTS Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.