Friends Foundation of the Ridewood Public Library

Analysis

Friends Foundation of the Ridewood Public Library is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in November 1980, 46 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 Foundation of the Ridewood Public Library reported income of $107k and spending of $145k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $107k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. 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 Foundation of the Ridewood Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Arvada West High School Foundation ($107k), Rudolph & Florence Nadbath Charitable Trust ($107k) and Apro Charitable Foundation Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.