North Lake County Library Foundation Inc

Analysis

North Lake County Library Foundation Inc is a registered charity in United States, based in Polson, MT. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, North Lake County Library Foundation Inc reported income of $143k and spending of $1.4m, spending 968% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $143k (+143%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 3888%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Lake County Library Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MT. Charities of a similar size with the same main cause include Illinois Driver Education Teacher Endorsement Program ($143k), Warrior Music Boosters ($143k) and The Balousek Family Foundation ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $605k against liabilities of $0, net assets of $605k.