Friends of the Wellesley Free Libraries Inc

Analysis

Friends of the Wellesley Free Libraries Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Friends of the Wellesley Free Libraries Inc reported income of $75k and spending of $73k, spending 97% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $65k to $75k (+16%), an average of +16% a year. The sharpest change came in the year to May 2024, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Wellesley Free Libraries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Center for Biography and Social Art ($75k), Parent Booster USA Inc ($75k) and Nac Scholarship Fund Inc ($75k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 50% and program service revenue 44% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.