Great Falls Public Library Foundation

Analysis

Great Falls Public Library Foundation is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in July 1988, 38 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 March 2023, Great Falls Public Library Foundation reported income of $389k and spending of $428k, spending 110% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $296k to $389k (+31%), an average of +7.0% a year. The sharpest change came in the year to March 2020, when income rose by 116%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Falls Public Library Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MT. Charities of a similar size with the same main cause include Dallas Scottish Rite Library & Museum Inc ($389k), Maineville Elderly Inc ($389k) and Bend Heroes Foundation ($388k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 67% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $23k (5.3% of expenses). At year end it held assets of $4.1m against liabilities of $4,757, net assets of $4.1m.