Friends of Webster Library Inc

Analysis

Friends of Webster Library Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1976, 50 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 March 2024, Friends of Webster Library Inc reported income of $123k and spending of $132k, spending 107% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $102k to $123k (+21%), an average of +4.9% a year. The sharpest change came in the year to March 2022, when income rose by 883438%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Webster Library Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Semper True North Foundation ($123k), Missionary Sisters of St Francis of Assisi ($123k) and I-Radha ($123k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.