Friends of the Bernardsville Public Library Inc

Analysis

Friends of the Bernardsville Public Library Inc is a registered charity in United States, based in Bernardsville, NJ. It received its IRS tax-exemption ruling in January 1953, 73 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 Bernardsville Public Library Inc reported income of $62k and spending of $49k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $62k (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 80% 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 Bernardsville Public Library Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($62k), Alleghany Arts Council ($62k) and City Wide Club of Clubs Food Bank Auxiliary ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $570k against liabilities of $0, net assets of $570k.