Rhinelander District Library Foundation Inc

Analysis

Rhinelander District Library Foundation Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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, Rhinelander District Library Foundation Inc reported income of $62k and spending of $32k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $62k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhinelander District Library Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within WI. Charities of a similar size with the same main cause include Little League Baseball Inc ($62k), Road Runners Club of America ($62k) and Amarillo Crime Stoppers Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $476k against liabilities of $0, net assets of $476k.