Grosse Pointe Library Foundation

Analysis

Grosse Pointe Library Foundation is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in December 2003, 23 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, Grosse Pointe Library Foundation reported income of $228k and spending of $163k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $228k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 237%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grosse Pointe Library Foundation sits at the 57th 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 56th percentile within MI. Charities of a similar size with the same main cause include Union University of California ($228k), Economics Arkansas Foundation ($228k) and Myers Park High School Parent Teacher Student Organization Inc ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.1m against liabilities of $407, net assets of $1.1m. It reported 1 employees.