Belvedere-Tiburon Library Foundation

Analysis

Belvedere-Tiburon Library Foundation is a registered charity in United States, based in Tiburon, CA. It received its IRS tax-exemption ruling in November 1996, 30 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 June 2024, Belvedere-Tiburon Library Foundation reported income of $299k and spending of $535k, spending 179% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $671k to $299k (-55%), an average of -15% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 321% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Belvedere-Tiburon Library Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Progress with Practice Inc ($299k), Homeschool Christian Academy Inc ($299k) and St Thomas Day School Inc ($299k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 24% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.0m against liabilities of $391k, net assets of $649k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.