Friends of the Burke Centre Library

Analysis

Friends of the Burke Centre Library is a registered charity in United States, based in Burke, VA. It received its IRS tax-exemption ruling in July 2005, 21 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 Burke Centre Library reported income of $74k and spending of $44k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $74k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 99% 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 Burke Centre Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Friends of the Parks ($74k), Herricks Athletic Boosters ($74k) and Parent Booster USA Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.