Union County Library Foundation Inc

Analysis

Union County Library Foundation Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Union County Library Foundation Inc reported income of $379k and spending of $511k, spending 135% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $180k to $379k (+111%), an average of +111% a year. The sharpest change came in the year to June 2024, when income rose by 111%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union County Library Foundation Inc 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 64th percentile within NC. Charities of a similar size with the same main cause include San Miguel Lutheran Church ($379k), Ground Work Play Therapy Inc ($379k) and Tuscaloosa Childrens Center Inc ($379k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $22k (4.3% of expenses). At year end it held assets of $237k against liabilities of $0, net assets of $237k. It reported 2 employees.