Roanoke Public Library Foundation

Analysis

Roanoke Public Library Foundation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1954, 72 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 December 2023, Roanoke Public Library Foundation reported income of $295k and spending of $85k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $295k (+195%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 399%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roanoke Public Library Foundation sits at the 60th 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 61st percentile within VA. Charities of a similar size with the same main cause include Hamilton Symphony Orchestra Association Inc ($295k), Wild Compass Environmental Education ($295k) and Roots for Boots ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.