Mountain Brook Library Foundation

Analysis

Mountain Brook Library Foundation is a registered charity in United States, based in Mountain Brook, AL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mountain Brook Library Foundation reported income of $334k and spending of $182k, leaving 45% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $358k to $334k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to September 2020, when income rose by 109%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mountain Brook Library Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AL. Charities of a similar size with the same main cause include Bethesda Exceptional Education Ministries Inc ($334k), Frances Lacy Elementary School Foundation ($334k) and College Heights Kindergarten Inc ($334k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $7.3m against liabilities of $0, net assets of $7.3m.