Grand Island Public Library Foundat Ion

Analysis

Grand Island Public Library Foundat Ion is a registered charity in United States, based in Grand Island, NE. It received its IRS tax-exemption ruling in August 1960, 66 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 September 2023, Grand Island Public Library Foundat Ion reported income of $328k and spending of $111k, leaving 66% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $309k to $328k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to September 2023, when income rose by 183%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Island Public Library Foundat Ion sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include Grace Network International ($328k), PTA California Congress of Parents Teachers & Students Inc ($328k) and Mid Michigan Honor Flight Inc ($328k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $36k (32% of expenses). Other salaries and wages came to $5,655. At year end it held assets of $1.8m against liabilities of $2,585, net assets of $1.8m. It reported 2 employees.