Cascade Friends of the Library

Analysis

Cascade Friends of the Library is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 1986, 40 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 December 2023, Cascade Friends of the Library reported income of $98k and spending of $261k, spending 267% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $98k (+4.0%), an average of +4.0% a year. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cascade Friends of the 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 36th percentile within MI. Charities of a similar size with the same main cause include Glenville Nursery School Incorporated ($98k), PTA New York Congress ($98k) and Friends of the Abilene Public Library ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 90% of the total. At year end it held assets of $199k against liabilities of $0, net assets of $199k.