Friends of the Larchmont Public Library Inc

Analysis

Friends of the Larchmont Public Library Inc is a registered charity in United States, based in Larchmont, NY. It received its IRS tax-exemption ruling in December 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 December 2023, Friends of the Larchmont Public Library Inc reported income of $75k and spending of $79k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $75k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 103% 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 Larchmont Public Library Inc 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 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Hebron Hawk Soccer Club ($75k), Transcend Outreach Center Inc ($75k) and Vision Alameda County ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.