Sno-Isle Regional Library Foundation

Analysis

Sno-Isle Regional Library Foundation is a registered charity in United States, based in Tulalip, WA. It received its IRS tax-exemption ruling in March 2000, 26 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, Sno-Isle Regional Library Foundation reported income of $2.6m and spending of $364k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $2.6m (+1683%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 698%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sno-Isle Regional Library Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Quality Education for Minorities Network ($2.6m), Partnership for College Completion ($2.6m) and North Carolinas Eastern Economic Development Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.