Friends of the Germantown Communitylibrary Inc

Analysis

Friends of the Germantown Communitylibrary Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Friends of the Germantown Communitylibrary Inc reported income of $102k and spending of $115k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $102k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 94% 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 Germantown Communitylibrary Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Westby Norse Scholarship Fund ($102k), Haberman Educational Foundation Inc ($102k) and Agribusiness Education Foundation ($102k).

At year end it held assets of $27k against liabilities of $0, net assets of $27k.