Alachua County Library District Foundation

Analysis

Alachua County Library District Foundation is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in May 1991, 35 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, Alachua County Library District Foundation reported income of $59k and spending of $114k, spending 195% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $57k to $59k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to September 2021, when income rose by 296%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alachua County Library District Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Highland Historical Society ($58k), PTA Texas Congress ($59k) and Friends of the Winterset Public Library ($58k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.