South Georgia Regional Library Foundation Inc

Analysis

South Georgia Regional Library Foundation Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, South Georgia Regional Library Foundation Inc reported income of $66k and spending of $24k, leaving 64% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $103k to $66k (-36%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 964%. Over the whole period it spent 4.8% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Georgia Regional Library Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Christ Lutheran Church Endowment Foundation Inc ($66k), Asbury Park Foundtion Inc ($66k) and Friends of the Teaneck Public Library ($66k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.