Friends of the Guilford Free Library Inc

Analysis

Friends of the Guilford Free Library Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in September 2011, 15 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 November 2023, Friends of the Guilford Free Library Inc reported income of $150k and spending of $133k, spending 89% of its income. Across the 6 years on record, from November 2018 to November 2023, income fell from $153k to $150k (-1.9%), an average of -0.4% a year. The sharpest change came in the year to November 2021, when income rose by 39%. 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 Guilford Free Library Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include Holmes School Parent Teacher Organization ($150k), Northeast Ohio Bible College ($150k) and Scott Kirschenman Family Foundation Inc ($150k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.