Greensboro Public Library Foundation Inc

Analysis

Greensboro Public Library Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Greensboro Public Library Foundation Inc reported income of $70k and spending of $104k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $58k to $70k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 111%. Over the whole period it spent 131% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greensboro Public Library Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Ep Baseball Booster Inc ($70k), Madtown BMX Inc ($70k) and DC Premier Inc ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.