Library Foundation of Newberg

Analysis

Library Foundation of Newberg is a registered charity in United States, based in Newberg, OR. It received its IRS tax-exemption ruling in April 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Library Foundation of Newberg reported income of $79k and spending of $25k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $81k to $79k (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Foundation of Newberg sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within OR. Charities of a similar size with the same main cause include Shade Institute ($79k), Three Eagle Trail Foundation Inc ($79k) and Road Runners Club of America ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $671k against liabilities of $0, net assets of $671k.