Geneva Library Foundation

Analysis

Geneva Library Foundation is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in January 2012, 14 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 May 2024, Geneva Library Foundation reported income of $165k and spending of $143k, spending 87% of its income. Across the 3 years on record, from May 2022 to May 2024, income fell from $287k to $165k (-43%), an average of -24% a year. The sharpest change came in the year to May 2024, when income rose by 82%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Geneva Library Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Tesoro Choral Boosters ($165k), Academics Without Borders ($165k) and Fidalgo Island Rotary Foundation ($165k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $475k against liabilities of $0, net assets of $475k.