Prince Georges County Memorial Library System Foundation Inc

Analysis

Prince Georges County Memorial Library System Foundation Inc is a registered charity in United States, based in Largo, MD. It received its IRS tax-exemption ruling in December 2014, 12 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 June 2023, Prince Georges County Memorial Library System Foundation Inc reported income of $767k and spending of $683k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $20k to $767k (+3793%), an average of +239% a year. The sharpest change came in the year to June 2021, when income rose by 7146%. Over the whole period it spent 25% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prince Georges County Memorial Library System Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Kentucky Association for Academic Competition Inc ($767k), Leas Christian School ($767k) and Code for Fun ($766k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.1m against liabilities of $69k, net assets of $3.1m.