Vestavia Hills Library Foundation

Analysis

Vestavia Hills Library Foundation is a registered charity in United States, based in Vestavia HLS, AL. It received its IRS tax-exemption ruling in April 1988, 38 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Vestavia Hills Library Foundation reported income of $77k and spending of $63k, spending 81% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $24k to $77k (+218%), an average of +26% a year. The sharpest change came in the year to July 2023, when income rose by 93%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vestavia Hills Library Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within AL. Charities of a similar size with the same main cause include Eleanor and Henry Jansen Foundation ($77k), Love Haiti Partnership Inc ($77k) and Three Village STEM Enrichment Foundation Inc ($77k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.