Summit County Library Foundation

Analysis

Summit County Library Foundation is a registered charity in United States, based in Frisco, CO. It received its IRS tax-exemption ruling in August 1991, 35 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 2024, Summit County Library Foundation reported income of $100k and spending of $732k, spending 732% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $371k to $100k (-73%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 119% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Summit County Library Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Sigma Gamma Association ($100k), Meninak Foundation of Jacksonville ($100k) and Great 100 Inc ($100k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.