Goshen County Library Foundation Inc

Analysis

Goshen County Library Foundation Inc is a registered charity in United States, based in Torrington, WY. It received its IRS tax-exemption ruling in September 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Goshen County Library Foundation Inc reported income of $189k and spending of $118k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $54k to $189k (+247%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goshen County Library Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within WY. Charities of a similar size with the same main cause include Chesterfield-Colonial Heights Alliance for Social Ministry ($189k), Monarch 61 Project Inc ($189k) and Jonesboro Jets Swim Team Inc ($189k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.