Friends of Rockland Public Library

Analysis

Friends of Rockland Public Library is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Rockland Public Library reported income of $64k and spending of $48k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $64k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Rockland Public Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 18th percentile within ME. Charities of a similar size with the same main cause include Lavilla Foundation ($64k), Stoneledge Stables Inc ($64k) and Ac Athletic Booster ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.