Norris Library Foundation Inc

Analysis

Norris Library Foundation Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in September 2024, 2 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 2023, Norris Library Foundation Inc reported income of $65k and spending of $56k, spending 86% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $28k to $65k (+137%), an average of +137% a year. The sharpest change came in the year to June 2023, when income rose by 137%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norris Library Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Appoquinimink Music Booster Association Inc ($65k), Canyon Oaks PTO ($65k) and Terre Haute North Vigo Band Boosters ($65k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $206k against liabilities of $0, net assets of $206k.