Friends of the Simsbury Public Library

Analysis

Friends of the Simsbury Public Library is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in February 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 Simsbury Public Library reported income of $156k and spending of $132k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $107k to $156k (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 94% 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 Simsbury Public Library sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Dover Historical Society ($156k), Gunnison Valley Animal Welfare League Inc ($156k) and Richardton Rural Fire Protection District ($156k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% of the total. At year end it held assets of $534k against liabilities of $0, net assets of $534k.