Wadsworth Public Library Foundation

Analysis

Wadsworth Public Library Foundation is a registered charity in United States, based in Wadsworth, OH. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 November 2023, Wadsworth Public Library Foundation reported income of $92k and spending of $48k, leaving 48% of income unspent that year. Across the 3 years on record, from November 2021 to November 2023, income fell from $94k to $92k (-1.4%), an average of -0.7% a year. The sharpest change came in the year to November 2023, when income rose by 470%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wadsworth Public 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 35th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include Conway School Association ($92k), Rebuild Nepal Education ($92k) and Hearts & Hands Scholarship Fund ($92k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 6.4% and program service revenue 8.2% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.