Friends of the Randolph Public Library

Analysis

Friends of the Randolph Public Library is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in January 1974, 52 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 June 2024, Friends of the Randolph Public Library reported income of $65k and spending of $54k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $65k to $65k (-0.1%), an average of -0.1% a year. Over the whole period it spent 95% 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 Randolph Public Library sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Dorothy Patterson Scholarship Fund ($65k), North Fork Audubon Society ($65k) and Florida Sids Alliance Inc ($65k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.