McCook Library Foundation

Analysis

McCook Library Foundation is a registered charity in United States, based in McCook, NE. It received its IRS tax-exemption ruling in June 2001, 25 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 2021, McCook Library Foundation reported income of $93k and spending of $12k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2019 to December 2021, income fell from $123k to $93k (-24%), an average of -24% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, McCook Library Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NE. Charities of a similar size with the same main cause include Cocke County Education Foundation ($93k), Hawaii Construction Career Days ($93k) and Pope Highschool Volleyball Booster Club Inc ($93k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 56% of the total. At year end it held assets of $792k against liabilities of $0, net assets of $792k.