Mason City Public Library Foundation Inc

Analysis

Mason City Public Library Foundation Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mason City Public Library Foundation Inc reported income of $88k and spending of $13k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $105k to $88k (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2023, when income rose by 153%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mason City Public Library Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within IA. Charities of a similar size with the same main cause include Copley Square Charitable TR ($88k), Merrill Historical Society Inc ($88k) and PTA California Congress of Parents Teachers & Students Inc ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $584k against liabilities of $0, net assets of $584k.