Friends of the Kalamazoo Public Library

Analysis

Friends of the Kalamazoo Public Library is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in May 1972, 54 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 March 2024, Friends of the Kalamazoo Public Library reported income of $114k and spending of $115k, spending 100% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $68k to $114k (+68%), an average of +68% a year. The sharpest change came in the year to March 2024, when income rose by 68%. Over the whole period it spent 93% 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 Kalamazoo Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include The Friends of the Hepburn Center Inc ($114k), Antique Phonograph Society ($114k) and Jasper County Boys Park Inc ($114k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 33% and program service revenue 64% of the total. At year end it held assets of $46k against liabilities of $1,724, net assets of $44k.