Bismarck Library Foundation Inc

Analysis

Bismarck Library Foundation Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bismarck Library Foundation Inc reported income of $294k and spending of $234k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $405k to $294k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bismarck Library Foundation Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ND. Charities of a similar size with the same main cause include Gyrls in the H O O D Foundation ($294k), That Can Be Me Inc ($294k) and Florida Association of State and Federal Educational Program ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $16k (7.0% of expenses). Other salaries and wages came to $20k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 3 employees.