Funds for the Biblioteca Publica Inc

Analysis

Funds for the Biblioteca Publica Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in March 1998, 28 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, Funds for the Biblioteca Publica Inc reported income of $199k and spending of $88k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $199k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Funds for the Biblioteca Publica Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include McAlester Scottish Rite Charitable and Educational Foundation ($199k), Maitland E Smith Scholarship House Alumni Associate Memorial Fund ($199k) and Spearfish Foundation for Public Education a SD Non Profit Corp ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.