Carroll County Public Library Foundation Inc

Analysis

Carroll County Public Library Foundation Inc is a registered charity in United States, based in Carrollton, KY. It received its IRS tax-exemption ruling in December 1987, 39 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 2023, Carroll County Public Library Foundation Inc reported income of $308k and spending of $75k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $308k (+199%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 193%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carroll County Public Library Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Society of the Cincinnati in the State of Georgia ($308k), One Love Animal Rescue Inc ($308k) and Laurelhurst Parent-Teacher Assoc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. At year end it held assets of $1.6m against liabilities of $199k, net assets of $1.4m.