Friends of the Peapack Gladstone Library Inc

Analysis

Friends of the Peapack Gladstone Library Inc is a registered charity in United States, based in Peapack, NJ. It received its IRS tax-exemption ruling in September 1988, 38 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 Peapack Gladstone Library Inc reported income of $71k and spending of $4,333, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8,375 to $71k (+746%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 1446%. Over the whole period it spent 24% 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 Peapack Gladstone Library Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Dunkirk Historical Lighthouse and Veterans Park Museum ($71k), Wisconsin Society of Land Surveyors Foundation Inc ($71k) and Friends of Nassau County County Library Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 0.0% of the total. At year end it held assets of $704k against liabilities of $1,100, net assets of $703k.