Foundation for Bayport Public Library

Analysis

Foundation for Bayport Public Library is a registered charity in United States, based in Bayport, MN. It received its IRS tax-exemption ruling in May 1991, 35 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, Foundation for Bayport Public Library reported income of $183k and spending of $1.0m, spending 549% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $183k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 333%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Bayport Public Library sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Aram Tamil School Inc ($183k), Denver Cyclone Scholarship Foundation ($183k) and Greencastle-Antrim Education Foundation ($183k).

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 $1.7m against liabilities of $0, net assets of $1.7m.