Transylvania County Library Foundation

Analysis

Transylvania County Library Foundation is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in November 1945, 81 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, Transylvania County Library Foundation reported income of $85k and spending of $180k, spending 212% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $272k to $85k (-69%), an average of -21% a year. The sharpest change came in the year to June 2021, when income rose by 255%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transylvania County Library Foundation 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 33rd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include National Charity League Inc South Bay Chapter ($85k), Reuniting After War ($85k) and Habersham Band Boosters Club Inc ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% of the total. At year end it held assets of $5.2m against liabilities of $358k, net assets of $4.9m.