Huntsville Library Foundation

Analysis

Huntsville Library Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in August 1986, 40 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 September 2023, Huntsville Library Foundation reported income of $244k and spending of $231k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $539k to $244k (-55%), an average of -18% a year. The sharpest change came in the year to September 2022, when income rose by 67%. Over the whole period it spent 241% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntsville Library Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AL. Charities of a similar size with the same main cause include The Westmont College Foundation ($243k), Fauquier Community Theatre-Story Painters Inc ($244k) and Central Fire Company No 1 ($243k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $398k against liabilities of $11k, net assets of $387k.