Westerville Library Foundation

Analysis

Westerville Library Foundation is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in June 1987, 39 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, Westerville Library Foundation reported income of $101k and spending of $5,997, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $101k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2023, when income rose by 381%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westerville Library Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($101k), Main Street Mount Pleasant ($101k) and Theatre Project of Grand Junction ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 6.7% of the total. At year end it held assets of $727k against liabilities of $3,300, net assets of $723k.