Friends of Cary Memorial Library Inc

Analysis

Friends of Cary Memorial Library Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in May 1998, 28 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 Cary Memorial Library Inc reported income of $56k and spending of $47k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $56k to $56k (-1.3%), an average of -1.3% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Cary Memorial Library Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include United for Life of Northern California ($56k), Go Texas of Henderson County ($56k) and King City High School Ffa Booster Club ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.7% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.