Waverly Public Library Foundation

Analysis

Waverly Public Library Foundation is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Waverly Public Library Foundation reported income of $809k and spending of $617k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $206k to $809k (+293%), an average of +293% a year. The sharpest change came in the year to December 2023, when income rose by 293%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waverly Public Library Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Washington State STEM Education Foundation ($809k), X-Cel Inc ($810k) and Citizens for Safe Schools ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.