Friends of the Southbury Public Library Inc

Analysis

Friends of the Southbury Public Library Inc is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in September 1971, 55 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 2024, Friends of the Southbury Public Library Inc reported income of $103k and spending of $61k, leaving 41% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $95k to $103k (+7.9%), an average of +7.9% a year. Over the whole period it spent 71% 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 Southbury Public Library Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Apostolic Resource Center Inc ($103k), Legatus ($103k) and Natick Education Foundation ($103k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.1% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.