Foundation for Baltimore County Public Library Inc

Analysis

Foundation for Baltimore County Public Library Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in October 1990, 36 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, Foundation for Baltimore County Public Library Inc reported income of $480k and spending of $133k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $480k (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Baltimore County Public Library Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Great Sso Inc ($480k), Urbana Theological Seminary ($480k) and Senia International ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $3.0m against liabilities of $24k, net assets of $2.9m.