Bernardsville Library Foundation Inc

Analysis

Bernardsville Library Foundation Inc is a registered charity in United States, based in Bernardsville, NJ. It received its IRS tax-exemption ruling in June 2011, 15 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 2023, Bernardsville Library Foundation Inc reported income of $182k and spending of $99k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $140k to $182k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bernardsville Library Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include American Friends of Peer Hashalom ($182k), Isa117 Ministries ($182k) and Support Nebraska ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $4,132. At year end it held assets of $702k against liabilities of $0, net assets of $702k.