Foundation for the Advancement of Christian Libraries

Analysis

Foundation for the Advancement of Christian Libraries is a registered charity in United States, based in Cedarville, OH. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Foundation for the Advancement of Christian Libraries reported income of $264k and spending of $294k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $264k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation for the Advancement of Christian Libraries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Best Missions Inc ($264k), Youthvision International Inc ($264k) and Drukpa North America Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Other salaries and wages came to $121k. At year end it held assets of $839k against liabilities of $0, net assets of $839k. It reported 5 employees.