Friends of the Falmouth Public Library Inc

Analysis

Friends of the Falmouth Public Library Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Friends of the Falmouth Public Library Inc reported income of $158k and spending of $73k, leaving 54% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income grew from $49k to $158k (+222%), an average of +48% a year. The sharpest change came in the year to March 2022, when income rose by 150%. Over the whole period it spent 55% 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 Falmouth Public Library Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Boston Lithuanian School ($158k), Parent Booster USA Inc ($158k) and Pierce School Parent Teacher ($158k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% and program service revenue 72% of the total. At year end it held assets of $788k against liabilities of $0, net assets of $788k.