City of Martin Public Library Foundation

Analysis

City of Martin Public Library Foundation is a registered charity in United States, based in Martin, TN. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2022, City of Martin Public Library Foundation reported income of $89k and spending of $18k, leaving 80% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $311k to $89k (-72%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City of Martin Public Library Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Bellefontaine Booster Club Inc C/O Bellefontaine High School ($89k), Kansas Powerschool User Group ($89k) and Blue Wave Pride Club ($89k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.