Lake County Public Library Foundation Inc

Analysis

Lake County Public Library Foundation Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in December 1984, 42 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, Lake County Public Library Foundation Inc reported income of $364k and spending of $68k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $364k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income dropped by 240%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Public Library Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Prisoner Visitation & Support ($364k), St Croix Elderly Housing Inc ($364k) and Actors Studio ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.