Friends of the Williamstown Public Library

Analysis

Friends of the Williamstown Public Library is a registered charity in United States, based in Williamstown, MA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 December 2023, Friends of the Williamstown Public Library reported income of $148k and spending of $93k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $317k to $148k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 34% 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 Williamstown Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Patidar Cultural Association of USA Inc ($147k), Contra Costa Ballet Foundation ($148k) and PTA Texas Congress ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $565k against liabilities of $771, net assets of $564k.