City of Richmond Public Library Foundation

Analysis

City of Richmond Public Library Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1997, 29 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, City of Richmond Public Library Foundation reported income of $386k and spending of $176k, leaving 54% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $175k to $386k (+120%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 74%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City of Richmond Public Library Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Toyota Technological Institute at Chicago ($386k), Richland Library Friends and Foundation ($386k) and Womens Rural Entrepreneurial Network ($385k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $2.2m against liabilities of $907k, net assets of $1.3m.