Friends of the Ballston Spa Public Library Inc

Analysis

Friends of the Ballston Spa Public Library Inc is a registered charity in United States, based in Ballston Spa, NY. It received its IRS tax-exemption ruling in April 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 Ballston Spa Public Library Inc reported income of $114k and spending of $4,290, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $114k (+12%), an average of +12% a year. Over the whole period it spent 2.2% 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 Ballston Spa Public 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 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Nsoromma School Inc ($114k), Sullivan County Imagination Library ($114k) and Montana Contractors Association Education Foundation Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.