Rockford Public Library

Analysis

Rockford Public Library is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rockford Public Library reported income of $83k and spending of $63k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $99k to $83k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income dropped by 107%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockford Public Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Middleton Community Orchestra Inc ($83k), Houston County Historical Society ($83k) and Spanish Trail Playhouse Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $573k against liabilities of $0, net assets of $573k.