Friends of the Cedar Rapids Public Library

Analysis

Friends of the Cedar Rapids Public Library is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in August 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Cedar Rapids Public Library reported income of $78k and spending of $65k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $78k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Cedar Rapids Public Library sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within IA. Charities of a similar size with the same main cause include Henderson City Lions Charitable Trust Inc ($78k), Beckville Isd Education Foundation Inc ($78k) and South Anchorage Baseball Booster Club ($78k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.