Library and Community Foundation of Richardson County

Analysis

Library and Community Foundation of Richardson County is a registered charity in United States, based in Falls City, NE. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Library and Community Foundation of Richardson County reported income of $69k and spending of $76k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $69k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 180%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Library and Community Foundation of Richardson County sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NE. Charities of a similar size with the same main cause include John & Claudia Holliman Affiliated Fund Oc Community Foundation Inc ($69k), Women Who Wine Inc ($69k) and Parkside Community Association of Buffalo Inc ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.