Rock Island Public Library Foundation

Analysis

Rock Island Public Library Foundation is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in November 1985, 41 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, Rock Island Public Library Foundation reported income of $600k and spending of $321k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $600k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 4916%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rock Island Public Library Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Big Brothers-Big Sisters of the Laurel Region ($600k), Tri-City Youth & Family Center Inc ($600k) and Camarillo Baseball Softball Association ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.