Friends of the Burlington Public Library Foundation

Analysis

Friends of the Burlington Public Library Foundation is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in March 1983, 43 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 May 2024, Friends of the Burlington Public Library Foundation reported income of $309k and spending of $113k, leaving 63% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $290k to $309k (+6.7%), an average of +1.3% a year. The sharpest change came in the year to May 2021, when income rose by 118%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Burlington Public Library Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Pomegranate Schools ($309k), Academy of Careers & Technologies Inc ($309k) and Islamic School of Grand Rapids ($309k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 9.4% of the total. At year end it held assets of $6.8m against liabilities of $4,048, net assets of $6.8m.