Friends of the Winchester Public Library Inc

Analysis

Friends of the Winchester Public Library Inc is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Winchester Public Library Inc reported income of $65k and spending of $62k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $101k to $65k (-35%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Winchester Public Library Inc sits at the 23rd percentile: it is larger than about 22% 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 Shwachman Diamond Syndrome Foundation Inc ($65k), Raw Milk Institute ($65k) and Hmong Service Center Inc ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.