Monroe County Public Library Foundation Inc

Analysis

Monroe County Public Library Foundation Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Monroe County Public Library Foundation Inc reported income of $359k and spending of $266k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $359k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monroe County Public Library Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Modoc Work Activity Center ($359k), Main Street Vermilion Inc ($359k) and Baby Cakes and Brunch ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 38% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.7m against liabilities of $1,846, net assets of $1.7m.