Fontana Regional Library

Analysis

Fontana Regional Library is a registered charity in United States, based in Bryson City, NC. It received its IRS tax-exemption ruling in July 2001, 25 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, Fontana Regional Library reported income of $4.0m and spending of $3.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.0m (+13%), an average of +3.2% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fontana Regional Library sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Child Start Inc ($4.0m), Jefferson County Child Development Council Inc ($4.0m) and Maria Montessori Acaddemy ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $259k (7.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.5m against liabilities of $1.3m, net assets of $3.2m. It reported 80 employees.