Foundation of the Daniel Boone Regional Library

Analysis

Foundation of the Daniel Boone Regional Library is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in August 1990, 36 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, Foundation of the Daniel Boone Regional Library reported income of $1.2m and spending of $66k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $1.2m (+1205%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 1880%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Daniel Boone Regional Library sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include National Christian Counselors Association Inc ($1.2m), National Association for Armenian Studies and Research Inc ($1.2m) and Tomball Emergency Assistance Ministries Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.0m against liabilities of $1,214, net assets of $2.0m.