Foundation for South Orange Public Library

Analysis

Foundation for South Orange Public Library is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Foundation for South Orange Public Library reported income of $224k and spending of $98k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $224k (+15%), an average of +15% a year. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for South Orange Public Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include This Stuff Matters ($224k), Yara Arts Group Inc ($224k) and Abilene Woman S Club Foundation ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $38k in professional fundraising fees. At year end it held assets of $426k against liabilities of $0, net assets of $426k.