Friends of the Rochester Hills Public Library Inc

Analysis

Friends of the Rochester Hills Public Library Inc is a registered charity in United States, based in Rochester, MI. It received its IRS tax-exemption ruling in July 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Rochester Hills Public Library Inc reported income of $213k and spending of $181k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $213k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Rochester Hills Public Library Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Del Rev Parents Club ($213k), Project Deep Association Inc ($213k) and Louisiana Pipeliners Association ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $425k against liabilities of $7,129, net assets of $417k.