Friends of the Altoona Area Public Library

Analysis

Friends of the Altoona Area Public Library is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in March 1975, 51 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 May 2024, Friends of the Altoona Area Public Library reported income of $84k and spending of $74k, spending 89% of its income. Across the 3 years on record, from May 2022 to May 2024, income grew from $38k to $84k (+119%), an average of +48% a year. The sharpest change came in the year to May 2024, when income rose by 95%. Over the whole period it spent 133% 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 Altoona Area Public Library sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Julia a Traphagen Parent School Organization ($84k), Gilchrist Parent Teacher Organization ($84k) and Big Family of Michigan Inc ($84k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $954k against liabilities of $0, net assets of $954k.