Waukegan Public Library Foundation Inc

Analysis

Waukegan Public Library Foundation Inc is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in November 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Waukegan Public Library Foundation Inc reported income of $63k and spending of $46k, leaving 27% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income fell from $325k to $63k (-81%), an average of -28% a year. The sharpest change came in the year to April 2024, when income dropped by 56%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waukegan Public Library Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Historical Book Club of North Carolina Inc ($63k), Intergroup Service Committee of the Fifth District Inc ($63k) and Associated Church Press ($63k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 101% of the total. At year end it held assets of $147k against liabilities of $71k, net assets of $76k.