Carmel Clay Public Library Foundation Inc

Analysis

Carmel Clay Public Library Foundation Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in July 1990, 36 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, Carmel Clay Public Library Foundation Inc reported income of $415k and spending of $506k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $459k to $415k (-9.4%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carmel Clay Public Library Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Vancouver Rotary Foundation ($415k), New York Veteran Police Assoc Inc ($415k) and St Clare Healthcare Foundation Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $101k (20% of expenses). Other salaries and wages came to $26k. At year end it held assets of $2.3m against liabilities of $772, net assets of $2.3m. It reported 2 employees.