Friends of the Dover Library

Analysis

Friends of the Dover Library is a registered charity in United States, based in Dover, MA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Dover Library reported income of $53k and spending of $53k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $43k to $53k (+23%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 102% 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 Dover Library sits at the 23rd percentile: it is larger than about 23% 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 Shiloh University ($53k), National Alliance for the Advancement of Haitian Professiona ($53k) and Creek Court Club ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.