Friends of the Prescott Public Library

Analysis

Friends of the Prescott Public Library is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Friends of the Prescott Public Library reported income of $1.4m and spending of $328k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $190k to $1.4m (+630%), an average of +64% a year. The sharpest change came in the year to June 2021, when income rose by 1678%. Over the whole period it spent 27% 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 Prescott Public Library sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Communities in Schools Chesterfield ($1.4m), E3 School Support Inc ($1.4m) and University School of the Lowcountry ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.7% and program service revenue 12% of the total. At year end it held assets of $10.7m against liabilities of $1,365, net assets of $10.7m.