Friends of Spicewood Community Library

Analysis

Friends of Spicewood Community Library is a registered charity in United States, based in Spicewood, TX. It received its IRS tax-exemption ruling in January 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 September 2023, Friends of Spicewood Community Library reported income of $64k and spending of $35k, leaving 45% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $38k to $64k (+68%), an average of +68% a year. The sharpest change came in the year to September 2023, when income rose by 68%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Spicewood Community 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 26th percentile within TX. Charities of a similar size with the same main cause include Elizabeth Blackwell Ptsa 2-8-54 ($64k), Community Christian School of Mineral Wells Manna ($64k) and Clover Ridge Elementary Parent Teacher Organization ($64k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $456k against liabilities of $0, net assets of $456k.