Friends of the Butt-Holdsworth Memorial Library

Analysis

Friends of the Butt-Holdsworth Memorial Library is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in April 1969, 57 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 Butt-Holdsworth Memorial Library reported income of $61k and spending of $54k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $83k to $61k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 202% 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 Butt-Holdsworth Memorial Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Southern California Squash Racquets Association ($61k), PTA California Congress of Parents Teachers & Students Inc ($61k) and PTA Delaware Congress ($61k).

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 $289k against liabilities of $0, net assets of $289k.