Library Foundation of Spokane County

Analysis

Library Foundation of Spokane County is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in May 2022, 4 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, Library Foundation of Spokane County reported income of $238k and spending of $425k, spending 179% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $238k (+7.8%), an average of +7.8% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Foundation of Spokane County sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include The Jackson-Reed Parent Teacher ($238k), Chesterton Academy of the Florida Martyrs Inc ($238k) and Catalino Tapia Scholarship Foundation ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.