Friends of the Maple Lake Library

Analysis

Friends of the Maple Lake Library is a registered charity in United States, based in Maple Lake, MN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Maple Lake Library reported income of $65k and spending of $47k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $65k (+13%), an average of +13% a year. Over the whole period it spent 83% 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 Maple Lake Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include South Grafton Parent Teacher Organization Inc ($65k), Scarlet Pride Inc ($65k) and Mbbs-Us Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 1.8% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k.