Library Foundation of Hancock County Inc

Analysis

Library Foundation of Hancock County Inc is a registered charity in United States, based in Bay St Louis, MS. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Library Foundation of Hancock County Inc reported income of $473k and spending of $193k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $252k to $473k (+88%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Foundation of Hancock County Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within MS. Charities of a similar size with the same main cause include Rebuilding Together Seattle ($473k), Neighborhood Network for Seniors ($473k) and San Diego Master Chorale ($473k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.1m against liabilities of $77k, net assets of $2.0m.