Flathead Library Foundation

Analysis

Flathead Library Foundation is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in April 1991, 35 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, Flathead Library Foundation reported income of $224k and spending of $224k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $424k to $224k (-47%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Flathead 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 55th percentile within MT. Charities of a similar size with the same main cause include A and R Medical Education Foundation ($224k), Pinedorado Lions Foundation Inc ($224k) and Wattsnatural Tutoring ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $57k (25% of expenses). Other salaries and wages came to $7,217. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.