Friends of the Goodnow Library Inc

Analysis

Friends of the Goodnow Library Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2024, Friends of the Goodnow Library Inc reported income of $86k and spending of $11k, leaving 88% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $3,335 to $86k (+2484%), an average of +2484% a year. The sharpest change came in the year to June 2024, when income rose by 2484%. Over the whole period it spent 24% 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 Goodnow Library Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Kids Chance of Arkansas ($86k), Feed My Sheep Christian School Inc ($86k) and Stephen E Pocztowski Memorial Scholarship Fund ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.