Friends of the Broome County Public Library

Analysis

Friends of the Broome County Public Library is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in January 1974, 52 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 Broome County Public Library reported income of $96k and spending of $116k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $96k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 91% 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 Broome County Public Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Get Together Inc ($96k), Emily Dickinson Ptsa ($96k) and Ruths House of Hope ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.