Louisville Public Library Foundation

Analysis

Louisville Public Library Foundation is a registered charity in United States, based in Louisville, CO. It received its IRS tax-exemption ruling in February 1981, 45 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 December 2023, Louisville Public Library Foundation reported income of $77k and spending of $64k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $77k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Louisville Public Library Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within CO. Charities of a similar size with the same main cause include Federation of Community Ministries of California ($77k), International Space University Org Inc ($77k) and M Club of the University of Michigan ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $683k against liabilities of $904, net assets of $682k.