Piqua Library Assistance and Development Fund

Analysis

Piqua Library Assistance and Development Fund is a registered charity in United States, based in Piqua, OH. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Piqua Library Assistance and Development Fund reported income of $320k and spending of $59k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $320k (+256%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 330%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piqua Library Assistance and Development Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Morehead Rowan County Industrial Development Authority Inc ($320k), Independence High School 76th Cavalry Band Boosters Club ($320k) and Pembroke Pines Charter School Foundaton Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.