Bay County Public Library Foundation Inc

Analysis

Bay County Public Library Foundation Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in December 1985, 41 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 September 2023, Bay County Public Library Foundation Inc reported income of $121k and spending of $73k, leaving 40% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $19k to $121k (+537%), an average of +537% a year. The sharpest change came in the year to September 2023, when income rose by 537%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay County Public Library Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Phoenixville Marian Youth Club ($121k), Vermont Interfaith Power and Light Inc ($121k) and Namur Belgian Heritage Foundation Inc ($121k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.