Friends of the Newton Free Library

Analysis

Friends of the Newton Free Library is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in August 2024, 2 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, Friends of the Newton Free Library reported income of $89k and spending of $71k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $219k to $89k (-59%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Newton Free Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Blanchard Memorial Parents Teachers and Friends ($89k), Bixby West Elementary Parent Teacher Organization Inc ($89k) and We Connect the Dots Inc ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.