Bozeman Library Friends and Foundation

Analysis

Bozeman Library Friends and Foundation is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Bozeman Library Friends and Foundation reported income of $3.6m and spending of $2.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $3.6m (+607%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 231%. 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, Bozeman Library Friends and Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MT. Charities of a similar size with the same main cause include Abiqua School Foundation ($3.6m), Society of St Vincent de Paul of West Hillsborough County ($3.6m) and Step Denver ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $148k (5.1% of expenses). Other salaries and wages came to $131k. At year end it held assets of $7.4m against liabilities of $23k, net assets of $7.4m. It reported 4 employees.