Friends of the Lucy Robbins Welles Library Inc

Analysis

Friends of the Lucy Robbins Welles Library Inc is a registered charity in United States, based in Newington, CT. It received its IRS tax-exemption ruling in March 1987, 39 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 August 2024, Friends of the Lucy Robbins Welles Library Inc reported income of $58k and spending of $43k, leaving 26% of income unspent that year. Across the 3 years on record, from August 2022 to August 2024, income grew from $38k to $58k (+52%), an average of +23% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 88% 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 Lucy Robbins Welles Library Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Association of Life Education Global Studies and Service ($58k), Rainier Lions Insight Center ($58k) and Friends of Concord-Carlisle High School Boys Hockey Inc ($58k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $187k against liabilities of $2,383, net assets of $185k.