Library Foundation of Hillsboro

Analysis

Library Foundation of Hillsboro is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in August 1994, 32 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, Library Foundation of Hillsboro reported income of $94k and spending of $49k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $94k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 58% 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 Hillsboro sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within OR. Charities of a similar size with the same main cause include Fbi National Academy Associates Inc ($94k), Sierra Foothills Audubon Society ($94k) and Southern Asia Adventist Association Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $647k against liabilities of $193, net assets of $647k.