The Chattanooga Public Library Foundation

Analysis

The Chattanooga Public Library Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 1965, 61 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 December 2023, The Chattanooga Public Library Foundation reported income of $179k and spending of $259k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $250k to $179k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Chattanooga Public Library Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Beth Israel Dermatology Foundation Inc ($179k), Lowcountry Maritime Society ($179k) and Gateway Educational Services ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $72k against liabilities of $36k, net assets of $36k.