Friends of the Bernards Township Library

Analysis

Friends of the Bernards Township Library is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in May 1985, 41 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 December 2023, Friends of the Bernards Township Library reported income of $98k and spending of $103k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $98k (-2.1%), an average of -2.1% a year. Over the whole period it spent 97% 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 Bernards Township Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Nwiiwa Inc ($98k), American Institute for Justice Inc ($98k) and Belles Drill Team Booster Club ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.