Friends of Gale Free Library

Analysis

Friends of Gale Free Library is a registered charity in United States, based in Holden, MA. It received its IRS tax-exemption ruling in March 1990, 36 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 Gale Free Library reported income of $74k and spending of $47k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $131k to $74k (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Gale Free Library sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include PTA Kansas Congress of Parents and Teachers ($74k), Minidoka Christian Education Association Inc ($74k) and Media-Rites ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $979k against liabilities of $0, net assets of $979k.