Chapel Hill Public Library Foundation

Analysis

Chapel Hill Public Library Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Chapel Hill Public Library Foundation reported income of $60k and spending of $62k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $206k to $60k (-71%), an average of -26% a year. The sharpest change came in the year to June 2021, when income rose by 218%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chapel Hill Public Library Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Purposeful Living and Giving Inc ($60k), Harleysville JC Corp ($60k) and Greater Washington Jewish Community Foundation ($60k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.