Columbus Metropolitan Library Foundation

Analysis

Columbus Metropolitan Library Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbus Metropolitan Library Foundation reported income of $4.7m and spending of $7.4m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.7m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Columbus Metropolitan Library Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Loyola Academy of St Louis ($4.7m), The Cornerstone Christian Academy ($4.7m) and Arco Iris Spanish Immersion Charter School ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $11.5m against liabilities of $936k, net assets of $10.5m.