Solano County Library Foundation

Analysis

Solano County Library Foundation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in April 1995, 31 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 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, Solano County Library Foundation reported income of $70k and spending of $104k, spending 149% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $70k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Solano County Library Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Foundation of the Rotary Club of North Fresno ($70k), St Marys School Foundation ($70k) and Schuylkill Elder Abuse Prevention Alliance Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.