East Brunswick Friends of the Library

Analysis

East Brunswick Friends of the Library is a registered charity in United States, based in East Brunswick, NJ. It received its IRS tax-exemption ruling in June 1998, 28 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, East Brunswick Friends of the Library reported income of $76k and spending of $65k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $52k to $76k (+47%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 237%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Brunswick Friends of the Library sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Strom Thurmond Foundation Inc ($76k), Sterling Forest Volunteer Fire Company Inc ($76k) and Afcea Educational Foundation ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $631k against liabilities of $0, net assets of $631k.