Norwalk Public Library Foundationinc

Analysis

Norwalk Public Library Foundationinc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Norwalk Public Library Foundationinc reported income of $113k and spending of $48k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $113k to $113k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norwalk Public Library Foundationinc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include School at St George Place Parent Teacher Organization Incorpor ($113k), Pacesetter Booster Club ($113k) and American Association of Teachers of Korean ($113k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.