B B Comer Memorial Public Library Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
B B Comer Memorial Public Library Foundation Inc is a 501(c)(3) organization based in Sylacauga, Alabama, registered in 1992, with $162,811 in FY2024 revenue. CharityIndex grades it C+.
314 N Broadway Ave, Sylacauga, AL, 35150 EIN 58-2004435 Since 1992
Revenue (FY2024)
$163K
▲ 1.5% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$58K
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for B B Comer Memorial Public Library Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating313 mo reserves · +64% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For B B Comer Memorial Public Library Foundation Inc: 313 mo reserves · +64% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for B B Comer Memorial Public Library Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For B B Comer Memorial Public Library Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 314 N Broadway Ave, Sylacauga, AL, 35150
- City
- Sylacauga
- State
- Alabama
- Subcategory
- Public Foundations
Financial trends
Revenue grew from $91K (FY2014) to $163K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $1.5M
Operating margin
64.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$0
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $162,811▲1.5% | $58,011▲25.7% | $1,511,652▲7.4% | $1,511,652▲7.4% | 990 |
| 2023 | $160,390▲30.3% | $46,152▼24.6% | $1,406,852▲8.8% | $1,406,852▲8.8% | 990 |
| 2022 | $123,130▼11.8% | $61,235▲52.8% | $1,292,614▲5.0% | $1,292,614▲5.0% | 990 |
| 2021 | $139,577▲1.3% | $40,078▲25.5% | $1,230,719▲8.8% | $1,230,719▲8.8% | 990 |
| 2020 | $137,802▲12.0% | $31,927▼59.8% | $1,131,220▲10.3% | $1,131,220▲10.3% | 990 |
| 2019 | $123,031▲13.1% | $79,509▲132% | $1,025,345▲4.0% | $1,025,345▲4.0% | 990 |
| 2018 | $108,737▲36.5% | $34,288▲23.4% | $985,439 | $985,439 | 990 |
| 2017 | $79,673▼13.9% | $27,777▼63.5% | $0▼100% | $0▼100% | 990 |
| 2016 | $92,482▲4.6% | $76,076▲57.1% | $914,625▲1.4% | $914,625▲1.4% | 990 |
| 2015 | $88,426▼2.6% | $48,432▼42.3% | $901,815▲4.6% | $901,815▲4.6% | 990 |
| 2014 | $90,818 | $83,935 | $861,821 | $861,821 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare B B Comer Memorial Public Library Foundation Inc
Frequently asked questions
- Is B B Comer Memorial Public Library Foundation Inc a legitimate nonprofit?
- Yes. B B Comer Memorial Public Library Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-2004435, based in Sylacauga, Alabama. Donations are tax-deductible.
- What is B B Comer Memorial Public Library Foundation Inc's EIN?
- B B Comer Memorial Public Library Foundation Inc's Employer Identification Number (EIN) is 58-2004435.
- How much revenue does B B Comer Memorial Public Library Foundation Inc report?
- B B Comer Memorial Public Library Foundation Inc reported $162,811 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does B B Comer Memorial Public Library Foundation Inc have?
- CharityIndex grades B B Comer Memorial Public Library Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for B B Comer Memorial Public Library Foundation Inc (EIN 58-2004435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.