Beloit Public Library Foundation Inc

Analysis

Beloit Public Library Foundation Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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, Beloit Public Library Foundation Inc reported income of $63k and spending of $91k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $110k to $63k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beloit Public Library Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within WI. Charities of a similar size with the same main cause include Kitchen Table Inc ($63k), McKinley School-Parent Teacher Organization ($63k) and Cop Shot Inc ($63k).

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 $649k against liabilities of $4,171, net assets of $645k.