Way Public Library Foundation

Analysis

Way Public Library Foundation is a registered charity in United States, based in Perrysburg, OH. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Way Public Library Foundation reported income of $298k and spending of $258k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $298k (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 307%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Way Public Library Foundation 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 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Embright Education ($297k), Montgomery Area Court Referral Program Inc ($298k) and Sigma Tau Gamma Foundation Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 11% of the total. At year end it held assets of $4.9m against liabilities of $902, net assets of $4.9m.