Hedberg Public Library Foundation Inc

Analysis

Hedberg Public Library Foundation Inc is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in July 1980, 46 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, Hedberg Public Library Foundation Inc reported income of $95k and spending of $74k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $95k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hedberg Public Library Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within WI. Charities of a similar size with the same main cause include Love Grows Program Inc ($95k), Ankeny Community School District Foundation ($95k) and Sumac Elementary School Parent Faculty Association ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.