Friends of the Monroe County Public Library

Analysis

Friends of the Monroe County Public Library is a registered charity in United States, based in Stroudsburg, PA. It received its IRS tax-exemption ruling in April 1988, 38 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 June 2023, Friends of the Monroe County Public Library reported income of $63k and spending of $27k, leaving 57% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $80k to $63k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 35% 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 Monroe County Public Library 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 25th percentile, and in the 23rd percentile within PA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($63k), American Viola Society Inc ($63k) and Mercer County Juvenile Advisory Council Inc ($63k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $234k against liabilities of $1,864, net assets of $232k.