Urbana Free Library Foundation

Analysis

Urbana Free Library Foundation is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in February 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 (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, Urbana Free Library Foundation reported income of $112k and spending of $83k, leaving 26% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $484k to $112k (-77%), an average of -52% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Urbana Free Library Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Hansen Family Hospital Foundation ($112k), Sana Akhirah Foundation ($112k) and Camp Lu-Jo Kismif Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $777k against liabilities of $0, net assets of $777k.