Friends of the Eldredge Public Library Inc

Analysis

Friends of the Eldredge Public Library Inc is a registered charity in United States, based in Chatham, MA. It received its IRS tax-exemption ruling in October 1981, 45 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 June 2024, Friends of the Eldredge Public Library Inc reported income of $121k and spending of $86k, leaving 29% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $3.2m to $121k (-96%), an average of -81% a year. The sharpest change came in the year to June 2023, when income dropped by 97%. Over the whole period it spent 7.5% 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 Eldredge Public Library Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Wide Awake Club Library ($121k), National Church Residences ($121k) and PTA Florida Congress ($121k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 19% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.