Peninsula Library Foundation

Analysis

Peninsula Library Foundation is a registered charity in United States, based in Peninsula, OH. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peninsula Library Foundation reported income of $292k and spending of $54k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $292k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Library Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include XI Lambda Educational Foundation ($292k), Road Runners Club of America ($292k) and Westminster Manor Residents Association ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.