Tippecanoe County Public Library Foundation Inc

Analysis

Tippecanoe County Public Library Foundation Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tippecanoe County Public Library Foundation Inc reported income of $110k and spending of $44k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $110k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income dropped by 170%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tippecanoe County Public Library Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Independence Charitable Trust ($110k), Randolph Foundation ($110k) and Sedum Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.