Washington Free Public Library Foundation

Analysis

Washington Free Public Library Foundation is a registered charity in United States, based in Washington, IA. It received its IRS tax-exemption ruling in June 2001, 25 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 June 2024, Washington Free Public Library Foundation reported income of $180k and spending of $247k, spending 137% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $1.7m to $180k (-89%), an average of -67% a year. The sharpest change came in the year to June 2024, when income rose by 165%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Free Public Library Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Literacy Volunteers of Chautauqua County Inc ($180k), Valley Music Academy ($180k) and Santa Rosa Technology Magnet School PTO ($180k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.