Mt Pleasant Public Library Foundation

Analysis

Mt Pleasant Public Library Foundation is a registered charity in United States, based in Mt Pleasant, IA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mt Pleasant Public Library Foundation reported income of $62k and spending of $48k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $647k to $62k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 6.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mt Pleasant Public Library Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within IA. Charities of a similar size with the same main cause include Bedminster Elementary School PTG Inc ($62k), Stonegate Elementary School Parent Teacher Organization ($62k) and Project Read Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $774k against liabilities of $0, net assets of $774k.