Ottawa Library Endowment Fundinc

Analysis

Ottawa Library Endowment Fundinc is a registered charity in United States, based in Ottawa, KS. It received its IRS tax-exemption ruling in February 2010, 16 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 2023, Ottawa Library Endowment Fundinc reported income of $129k and spending of $7,919, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $207k to $129k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ottawa Library Endowment Fundinc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within KS. Charities of a similar size with the same main cause include Murray County Future ($129k), Racine Public Library Foundation Inc ($130k) and International Reading Recovery Trainers Organization ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $808k against liabilities of $0, net assets of $808k.