Mount Vernon Library Foundation

Analysis

Mount Vernon Library Foundation is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in March 2012, 14 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, Mount Vernon Library Foundation reported income of $318k and spending of $133k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $318k to $318k (-0.3%), an average of -0.3% a year. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mount Vernon Library Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include New York Coalition for Healthy School Lunches Inc ($318k), Lititz Regional Community Development Corporation ($318k) and John Quincy Adams Society ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $258k against liabilities of $260, net assets of $258k.