Friends of the Gladys E Kelly Public Library Inc

Analysis

Friends of the Gladys E Kelly Public Library Inc is a registered charity in United States, based in Webster, MA. It received its IRS tax-exemption ruling in February 2006, 20 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 May 2024, Friends of the Gladys E Kelly Public Library Inc reported income of $112k and spending of $131k, spending 118% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $365k to $112k (-69%), an average of -21% a year. The sharpest change came in the year to May 2021, when income dropped by 85%. Over the whole period it spent 43% 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 Gladys E Kelly 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 46th percentile within MA. Charities of a similar size with the same main cause include Trojan Youth Lacorsse Inc ($112k), Kenmore West Alumni Foundation Inc ($112k) and RB Foundation Inc ($112k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.