The Corvallis-Benton County Public Library Foundation Inc

Analysis

The Corvallis-Benton County Public Library Foundation Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in June 1992, 34 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 June 2024, The Corvallis-Benton County Public Library Foundation Inc reported income of $392k and spending of $90k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $428k to $392k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Corvallis-Benton County Public Library Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Oklahoma Association for Technology in Education ($392k), Nesiv Hatorah Inc ($392k) and C I M Patrons ($392k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% of the total. At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.