Friends of the Brunswick Public Library

Analysis

Friends of the Brunswick Public Library is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in March 1973, 53 years ago. 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 April 2024, Friends of the Brunswick Public Library reported income of $147k and spending of $140k, spending 95% of its income. Across the 3 years on record, from April 2022 to April 2024, income grew from $145k to $147k (+1.5%), an average of +0.8% a year. Over the whole period it spent 96% 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 Brunswick Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include New York State Council for the Social Studies ($147k), Center for Racehorse Retraining ($147k) and Our Lady of Providence League ($147k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.