Friends of the Tewksbury Public Library Inc

Analysis

Friends of the Tewksbury Public Library Inc is a registered charity in United States, based in Tewksbury, MA. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Friends of the Tewksbury Public Library Inc reported income of $66k and spending of $44k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $66k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 87% 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 Tewksbury Public Library Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within MA. Charities of a similar size with the same main cause include MPC Endowment Ltd ($66k), Granville County Fuller Center Housing ($66k) and Los Angeles Center for Economic Survival ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 17% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.