Sanibel Public Library Foundation Inc

Analysis

Sanibel Public Library Foundation Inc is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sanibel Public Library Foundation Inc reported income of $170k and spending of $97k, leaving 43% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $236k to $170k (-28%), an average of -7.9% a year. The sharpest change came in the year to September 2023, when income dropped by 57%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sanibel Public Library Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include D-9 Foundation ($170k), Felta Foundation ($170k) and Columbian Lawyers Association of Brooklyn Inc ($170k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $3.2m against liabilities of $75, net assets of $3.2m.