B B Comer Memorial Public Library Foundation Inc

Analysis

B B Comer Memorial Public Library Foundation Inc is a registered charity in United States, based in Sylacauga, AL. It received its IRS tax-exemption ruling in August 1992, 34 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 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 December 2023, B B Comer Memorial Public Library Foundation Inc reported income of $160k and spending of $46k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $160k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, B B Comer Memorial Public Library Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AL. Charities of a similar size with the same main cause include Nathalie and Theodore Jones Char TR Fbo Unitarian Univ Serv Committee ($160k), United Way of Lapeer County ($160k) and Safe Soldiers and Families Embraced Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.