Albany County Public Library Foundation

Analysis

Albany County Public Library Foundation is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in September 1978, 48 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, Albany County Public Library Foundation reported income of $180k and spending of $245k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $250k to $180k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany County Public Library Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WY. Charities of a similar size with the same main cause include Givebac Inc ($180k), Atlanta Fulton Family Connection ($180k) and Society of Air Force Pharmacists Ltd ($180k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 1.4% of the total. Other salaries and wages came to $90k. At year end it held assets of $2.5m against liabilities of $4,281, net assets of $2.4m. It reported 3 employees.