David City Library Foundation

Analysis

David City Library Foundation is a registered charity in United States, based in David City, NE. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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, David City Library Foundation reported income of $61k and spending of $103k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $61k (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 4010%. Over the whole period it spent 169% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, David City Library Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within NE. Charities of a similar size with the same main cause include Pinnacle Foundation ($61k), Vintage Motor Bike Club Inc ($61k) and Burmese Buddhist Association ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $734k against liabilities of $0, net assets of $734k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.