Friends of the Libby Museum Inc

Analysis

Friends of the Libby Museum Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in April 1989, 37 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 Libby Museum Inc reported income of $93k and spending of $24k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $312k to $93k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 17% 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 Libby Museum Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within NH. Charities of a similar size with the same main cause include Whaley Historical House Association Inc ($93k), Little League Baseball Inc ($93k) and Zane Trace Athlethic Boosters Club ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $521k against liabilities of $0, net assets of $521k.