Friends and Foundation of the Northfield Public Library

Analysis

Friends and Foundation of the Northfield Public Library is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in September 2004, 22 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 July 2023, Friends and Foundation of the Northfield Public Library reported income of $64k and spending of $61k, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $31k to $64k (+105%), an average of +20% a year. The sharpest change came in the year to July 2021, when income rose by 126%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends and Foundation of the Northfield Public 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 25th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Macarthur Band & Flag Parents Association ($64k), Carriage Hope Inc ($64k) and Andover Football Boosters Association Inc ($64k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 84% and program service revenue 9.5% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.