Fort Smith Public Library Endowment TR

Analysis

Fort Smith Public Library Endowment TR is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in February 1997, 29 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fort Smith Public Library Endowment TR reported income of $1.4m and spending of $471k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $1.4m (+638%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 2762%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fort Smith Public Library Endowment TR sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within AR. Charities of a similar size with the same main cause include Farmers Charitable Foundation ($1.4m), Friends of Parivaar Inc ($1.4m) and John Muir Mt Diablo Community Health Fund ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.