Friends of the Medford Public Library Inc

Analysis

Friends of the Medford Public Library Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in August 1991, 35 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 December 2023, Friends of the Medford Public Library Inc reported income of $121k and spending of $92k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $121k (+149%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 84% 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 Medford Public Library Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Thomas a Edison Charter School of Wilmington Inc ($121k), PTA California Congress of Parents Teachers & Students Inc ($121k) and American Cannabis Nurses Association Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.