Manitowoc Public Library Foundation Inc

Analysis

Manitowoc Public Library Foundation Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Manitowoc Public Library Foundation Inc reported income of $193k and spending of $98k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $193k (+9.5%), an average of +9.5% a year. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manitowoc Public Library Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include San Mateo Gymnastics Booster Club ($193k), Akron Roundtable ($193k) and C N Wodehouse American Cancer Society Trust ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.