Douglas County Libraries Foundation

Analysis

Douglas County Libraries Foundation is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in September 2016, 10 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, Douglas County Libraries Foundation reported income of $375k and spending of $193k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $375k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Douglas County Libraries Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Hedl LLC ($375k), The Corporation for Community and Economic Development United Inc ($376k) and St Marys Springs Academy Foundation Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 24% of the total. At year end it held assets of $2.1m against liabilities of $225k, net assets of $1.9m.