Friends of the Ridgefield Library and Historical Association Inc

Analysis

Friends of the Ridgefield Library and Historical Association Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 June 2024, Friends of the Ridgefield Library and Historical Association Inc reported income of $89k and spending of $60k, leaving 33% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $78k to $89k (+14%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 66% 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 Ridgefield Library and Historical Association Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within CT. Charities of a similar size with the same main cause include San Dieguito Heritage Museum ($89k), Waxhaw Womans Club Inc ($89k) and Lee County Arts Council ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 83% of the total. At year end it held assets of $306k against liabilities of $0, net assets of $306k.