Friends of the Irving Public Library System

Analysis

Friends of the Irving Public Library System is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in February 1975, 51 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, Friends of the Irving Public Library System reported income of $58k and spending of $27k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $58k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 64% 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 Irving Public Library System sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include PTA New York Congress ($58k), Victory Ministries Inc ($58k) and Special Townies Autistic and Exceptional Children Programs Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $362k against liabilities of $519, net assets of $362k.