Friends of the Eastham Public Library Inc

Analysis

Friends of the Eastham Public Library Inc is a registered charity in United States, based in Eastham, MA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 June 2024, Friends of the Eastham Public Library Inc reported income of $70k and spending of $70k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $95k to $70k (-27%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Eastham Public Library Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Oklahoma Society of Certified Public Accountants Educational FDN ($70k), Sunapee New Hampshire Historical Society Inc ($70k) and Good News to Mexico Inc ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.