Library Foundation of McMinnville

Analysis

Library Foundation of McMinnville is a registered charity in United States, based in McMinnville, OR. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Library Foundation of McMinnville reported income of $119k and spending of $69k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $119k (+263%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 75% 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 McMinnville 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 41st percentile, and in the 41st percentile within OR. Charities of a similar size with the same main cause include David T Howard Middle School Founda Tion ($119k), Go Forth Ministry ($119k) and 282 Parent Teacher Organization Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $770k against liabilities of $5,572, net assets of $765k.