Friends of the West Tisbury Library Inc

Analysis

Friends of the West Tisbury Library Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in May 1982, 44 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 December 2023, Friends of the West Tisbury Library Inc reported income of $53k and spending of $65k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $53k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. 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 West Tisbury Library Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Tom Jacob World Evangelism ($53k), Lombard Lilac Festival Parade Inc ($53k) and First United Methodist Church Foundation of Noblesville Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.