Friends of the Meriden Public Library Inc

Analysis

Friends of the Meriden Public Library Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 Meriden Public Library Inc reported income of $86k and spending of $329k, spending 382% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $160k to $86k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 152% 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 Meriden Public Library Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Road Runners Club of America Inc ($86k), West Omaha Baseball Foundation ($86k) and Courtland Recreation Association Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 11% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.