Friends of the Hamilton Township Library

Analysis

Friends of the Hamilton Township Library is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in July 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Hamilton Township Library reported income of $71k and spending of $50k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $71k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 87% 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 Hamilton Township Library sits at the 28th percentile: it is larger than about 28% 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 Blinn College Alumni and Friends Association ($71k), Solon Historical Society ($71k) and Escalon Youth Cougars ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.