Friends of the North Castle Public Library Inc

Analysis

Friends of the North Castle Public Library Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Friends of the North Castle Public Library Inc reported income of $242k and spending of $177k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $241k to $242k (+0.4%), an average of +0.1% a year. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the North Castle Public Library Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Friends of the Palm Beach Countypublic Library Inc ($242k), Erasmus Neighborhood Federation Inc ($242k) and Good Friends of the Lowcountry ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 2.3% of the total. At year end it held assets of $480k against liabilities of $14k, net assets of $466k.