Decatur Library Foundation

Analysis

Decatur Library Foundation is a registered charity in United States, based in Decatur, TX. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Decatur Library Foundation reported income of $226k and spending of $173k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $939k to $226k (-76%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Decatur Library Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Concepts for Adaptive Learning Inc ($226k), Ps27 Empowerment ($226k) and Kimera Orphanage ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 3.1% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.