Friends of the Aiken County Public Library

Analysis

Friends of the Aiken County Public Library is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in May 1975, 51 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 Aiken County Public Library reported income of $128k and spending of $76k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $128k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 270%. Over the whole period it spent 128% 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 Aiken County Public Library sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include The Norfolk Street Choir Project Inc ($128k), Boothbay Region Historical Society ($128k) and Volunteers of America Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.