Fairfield Public Library Foundation Inc

Analysis

Fairfield Public Library Foundation Inc is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in June 2003, 23 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, Fairfield Public Library Foundation Inc reported income of $163k and spending of $48k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $163k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fairfield Public Library Foundation 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 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Wallick Ford and Dora Trust Fbo the YMCA of Miami County and Mancheste ($163k), Booker T Washington Foundation for Excellence ($163k) and Torch Foundation ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.