Billings Public Library Foundation Inc

Analysis

Billings Public Library Foundation Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Billings Public Library Foundation Inc reported income of $385k and spending of $258k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $701k to $385k (-45%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 28%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billings Public Library Foundation Inc 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 66th percentile, and in the 67th percentile within MT. Charities of a similar size with the same main cause include Decatur Area Arts Council Inc ($385k), North Dakota Ballet Company ($385k) and Portland Fruit Tree Project ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $121k. At year end it held assets of $3.9m against liabilities of $42k, net assets of $3.9m. It reported 2 employees.