Eckhart Library Foundation Inc

Analysis

Eckhart Library Foundation Inc is a registered charity in United States, based in Auburn, IN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Eckhart Library Foundation Inc reported income of $75k and spending of $137k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $75k (-98%), an average of -63% a year. The sharpest change came in the year to December 2022, when income dropped by 93%. Over the whole period it spent 10% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eckhart Library Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within IN. Charities of a similar size with the same main cause include Construct Tomorrow ($75k), Midtown Phillips Neighborhood Association Inc ($75k) and Erie Technology Incubator Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.