New Braunfels Public Library Foundation

Analysis

New Braunfels Public Library Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in October 1996, 30 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, New Braunfels Public Library Foundation reported income of $68k and spending of $43k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $68k (-7.4%), an average of -7.4% a year. Over the whole period it spent 149% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Braunfels Public Library Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Tap Charity Inc ($68k), Barrett-Jackson Charities ($68k) and Bruning Community Foundation Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.