Marion Public Library Foundation

Analysis

Marion Public Library Foundation is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Marion Public Library Foundation reported income of $286k and spending of $412k, spending 144% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $441k to $286k (-35%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 41%. Over the whole period it spent 172% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marion Public Library Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Lincoln Rotary Club 14 Foundation ($286k), Boosters Foundation Inc ($286k) and A Foundation for West Aurora Schools ($285k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.