Friends of the Ferguson Library Inc

Analysis

Friends of the Ferguson Library Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in September 1980, 46 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 2023, Friends of the Ferguson Library Inc reported income of $120k and spending of $150k, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $78k to $120k (+54%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 315%. Over the whole period it spent 91% 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 Ferguson 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 39th percentile within CT. Charities of a similar size with the same main cause include Sakamoto Parent Teacher Org Inc ($120k), Lake Belton High School Athletic Booster Club ($120k) and Powers Library ($120k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 43% of the total. At year end it held assets of $1.2m against liabilities of $7,815, net assets of $1.2m. It reported 2 employees.