Friends of the Shelter Island Public Library Society Inc

Analysis

Friends of the Shelter Island Public Library Society Inc is a registered charity in United States, based in Shelter Is, NY. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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 Shelter Island Public Library Society Inc reported income of $61k and spending of $72k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $63k to $61k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 65% 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 Shelter Island Public Library Society Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Momentum Athletic Training ($61k), Greenville County Foster Parent Association Gcfpa ($61k) and PTA North Carolina Congress ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 38% of the total. At year end it held assets of $502k against liabilities of $0, net assets of $502k.