Eastern Shore Public Library Foundation

Analysis

Eastern Shore Public Library Foundation is a registered charity in United States, based in Parksley, VA. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Eastern Shore Public Library Foundation reported income of $362k and spending of $106k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $470k to $362k (-23%), an average of -6.3% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Shore Public Library Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Manheim Township Educational Foundation ($362k), National Athletic Equipment Reconditioners Association ($362k) and Monarch Academy ($362k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m.