Staunton Library Foundation Inc

Analysis

Staunton Library Foundation Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in June 1992, 34 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 2024, Staunton Library Foundation Inc reported income of $122k and spending of $12k, leaving 90% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $8,234 to $122k (+1382%), an average of +96% a year. The sharpest change came in the year to June 2021, when income rose by 1418%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Staunton Library Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Manheim Township Public Library Foundation ($122k), Pickerington North Band Boosters ($122k) and Vicksburg Community Schools Foundation ($122k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.