Fayette County Memorial Library Endowment Fund Inc

Analysis

Fayette County Memorial Library Endowment Fund Inc is a registered charity in United States, based in Fayette, AL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fayette County Memorial Library Endowment Fund Inc reported income of $118k and spending of $186k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $158k to $118k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fayette County Memorial Library Endowment Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Potters Place ($118k), Dorchester Skipjack Committe Inc ($118k) and County of Santa Barbara Arts Fund ($118k).

At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.