The Library Foundation Inc

Analysis

The Library Foundation Inc is a registered charity in United States, based in Gillette, WY. It received its IRS tax-exemption ruling in December 1976, 50 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, The Library Foundation Inc reported income of $296k and spending of $113k, leaving 62% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $113k to $296k (+162%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 515%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Library Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within WY. Charities of a similar size with the same main cause include Southern Cayuga Nonprofit Housing Company Inc ($296k), Black Township Fire & Rescue Inc ($296k) and Trinity Fellowship International Incorporated ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% and program service revenue 10.0% of the total. Other salaries and wages came to $5,479. At year end it held assets of $3.0m against liabilities of $901k, net assets of $2.1m. It reported 1 employees.