Chelmsford Friends of the Library

Analysis

Chelmsford Friends of the Library is a registered charity in United States, based in Chelmsford, MA. It received its IRS tax-exemption ruling in August 1993, 33 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 April 2024, Chelmsford Friends of the Library reported income of $89k and spending of $59k, leaving 34% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $72k to $89k (+23%), an average of +23% a year. The sharpest change came in the year to April 2024, when income rose by 23%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chelmsford Friends of the Library 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 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Monroe Area Soccer Association ($89k), Myford Elementary School Parent Teacher Organization ($89k) and Georgia Association of Student Financial Aid Administrators Inc ($89k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 38% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.