St Charles Public Library Foundation Inc

Analysis

St Charles Public Library Foundation Inc is a registered charity in United States, based in St Charles, IL. It received its IRS tax-exemption ruling in February 1994, 32 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 June 2023, St Charles Public Library Foundation Inc reported income of $88k and spending of $19k, leaving 78% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $124k to $88k (-29%), an average of -29% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Charles Public Library Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include The Optimist Foundation of Adrian Missouri Inc ($88k), Bay City Lions Charities Inc ($88k) and Capital City Education Alliance Inc ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $675k against liabilities of $439, net assets of $674k.