Friends of the Robbins Library

Analysis

Friends of the Robbins Library is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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 June 2023, Friends of the Robbins Library reported income of $61k and spending of $51k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $83k to $61k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Robbins Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Sands Montessori School Foundation Inc ($61k), Kum Along Citizens Club Inc ($61k) and PTA Oregon Congress ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.