Clarksville Montgomery County Public Library Foundation

Analysis

Clarksville Montgomery County Public Library Foundation is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Clarksville Montgomery County Public Library Foundation reported income of $357k and spending of $507k, spending 142% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $294k to $357k (+22%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 1206%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clarksville Montgomery County Public Library Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Wharton County Community Foundation ($357k), Red Oak Isd Education Foundation Inc ($357k) and Bridge to Hope Inc ($357k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% of the total. At year end it held assets of $7.7m against liabilities of $0, net assets of $7.7m.