Friends of the New Rochelle Public Library Inc

Analysis

Friends of the New Rochelle Public Library Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in October 1978, 48 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 New Rochelle Public Library Inc reported income of $96k and spending of $70k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $96k (+9.4%), an average of +9.4% a year. Over the whole period it spent 67% 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 New Rochelle Public Library Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Mexico Senior Center Inc ($96k), North Columbia Schoolhouse Cultural Center ($96k) and New Hope Womens Center Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.