Clarinda Public Library Foundation

Analysis

Clarinda Public Library Foundation is a registered charity in United States, based in Clarinda, IA. It received its IRS tax-exemption ruling in November 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, Clarinda Public Library Foundation reported income of $59k and spending of $69k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $59k (-72%), an average of -72% a year. The sharpest change came in the year to December 2023, when income dropped by 72%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clarinda Public Library Foundation sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include PTA Texas Congress ($59k), Veterans Village USA Inc ($59k) and PTA California Congress of Parents Teachers & Students Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.