Gail Borden Public Library Foundation

Analysis

Gail Borden Public Library Foundation is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in April 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gail Borden Public Library Foundation reported income of $260k and spending of $264k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $260k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gail Borden Public Library Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Jupiter 360 Foundation ($260k), Brians House Community Group Inc ($260k) and Western Governors Foundation ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 47% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.