Ruby M Sisson Memorial Library Foundation

Analysis

Ruby M Sisson Memorial Library Foundation is a registered charity in United States, based in Pagosa SPGS, CO. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ruby M Sisson Memorial Library Foundation reported income of $569k and spending of $90k, leaving 84% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $569k (+137%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 426%. Over the whole period it spent 14% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ruby M Sisson Memorial Library Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Fountain of Youth Program ($568k), Neighborhood ($569k) and Alternative Work Concepts Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $62k. At year end it held assets of $2.0m against liabilities of $6,260, net assets of $1.9m. It reported 1 employees.