Friends of the Poughkeepsie Public Library District Inc

Analysis

Friends of the Poughkeepsie Public Library District Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Poughkeepsie Public Library District Inc reported income of $294k and spending of $177k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $238k to $294k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 64% 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 Poughkeepsie Public Library District Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include That Can Be Me Inc ($294k), California Educational Research Association ($294k) and Bismarck Library Foundation Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. At year end it held assets of $487k against liabilities of $51k, net assets of $436k.