New Martinsville Library Foundation Inc

Analysis

New Martinsville Library Foundation Inc is a registered charity in United States, based in N Martinsvlle, WV. It received its IRS tax-exemption ruling in April 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 December 2023, New Martinsville Library Foundation Inc reported income of $51k and spending of $1,515, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $60k to $51k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 7.4% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Martinsville Library Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within WV. Charities of a similar size with the same main cause include Parent Booster USA Inc ($51k), Walled Lake Northern Knightsfootball Booster Club ($51k) and Andover Parent Teacher and Community Organization ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.