Friends of the Loveland Public Library Foundation Inc

Analysis

Friends of the Loveland Public Library Foundation Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in June 2003, 23 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, Friends of the Loveland Public Library Foundation Inc reported income of $250k and spending of $70k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $250k (+168%), an average of +168% a year. The sharpest change came in the year to December 2023, when income rose by 168%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Loveland Public Library Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Cypress Bay Band Parent Association ($250k), Brunswick Community Library ($250k) and Southeast Library System Sels ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 3.1% of the total. At year end it held assets of $648k against liabilities of $5,607, net assets of $642k.