Rutherford County Library Foundation

Analysis

Rutherford County Library Foundation is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Rutherford County Library Foundation reported income of $74k and spending of $961, leaving 99% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $36k to $74k (+105%), an average of +105% a year. The sharpest change came in the year to September 2023, when income rose by 105%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rutherford County Library Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within TN. Charities of a similar size with the same main cause include Sandpiper Elementary School Parent Teacher Organization ($74k), United Food & Commercial Workers Union Local 880 Scholarship Fund ($74k) and Students Are Inspired Learners Inc ($74k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $401k against liabilities of $0, net assets of $401k.