Council Bluffs Public Library Foundation

Analysis

Council Bluffs Public Library Foundation is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in February 1984, 42 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, Council Bluffs Public Library Foundation reported income of $771k and spending of $366k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $771k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council Bluffs Public Library Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Metairie Manor III Inc ($771k), Boy Scouts of America ($771k) and Little Rock Chamber Foundation Term ($771k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Other salaries and wages came to $5,200. At year end it held assets of $13.0m against liabilities of $928, net assets of $13.0m. It reported 1 employees.