Arlington Heights Memorial Library Foundation

Analysis

Arlington Heights Memorial Library Foundation is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Arlington Heights Memorial Library Foundation reported income of $96k and spending of $77k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $96k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. 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, Arlington Heights Memorial Library Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Digital Cinema Society Inc ($96k), Sjc87 Initiative Inc ($96k) and NSCC Parent Advisory Council of Parent Cooperative Preschools ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.