Rockbridge Regional Library Foundation

Analysis

Rockbridge Regional Library Foundation is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Rockbridge Regional Library Foundation reported income of $108k and spending of $111k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $56k to $108k (+94%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 353%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rockbridge Regional Library Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Laurel District Library Comm Ua ($108k), North Glendale PTO ($108k) and North Gwinnett Schools Education Foundation ($108k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.