The Friends of the J V Fletcher Library Inc

Analysis

The Friends of the J V Fletcher Library Inc is a registered charity in United States, based in Westford, MA. It received its IRS tax-exemption ruling in March 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, The Friends of the J V Fletcher Library Inc reported income of $165k and spending of $78k, leaving 52% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $251k to $165k (-34%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the J V Fletcher Library Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Veterans Rural Outreach Ky Inc ($165k), T Lawrason Riggs Trust C O Saint Thomas More Corporation ($165k) and The North Carolina Cpa Foundation Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $599k against liabilities of $2,117, net assets of $597k.