Anacortes Public Library Foundation

Analysis

Anacortes Public Library Foundation is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in November 1998, 28 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, Anacortes Public Library Foundation reported income of $122k and spending of $224k, spending 184% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $61k to $122k (+102%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 1661%. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anacortes Public Library Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include GCHS Dance Team Inc ($122k), Hoala Foundation for Education ($122k) and Colorado Baseball History Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.