Barrett Friendly Library

Analysis

Barrett Friendly Library is a registered charity in United States, based in Cresco, PA. It received its IRS tax-exemption ruling in December 1965, 61 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, Barrett Friendly Library reported income of $321k and spending of $384k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $433k to $321k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Barrett Friendly Library sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Tom and Valley Knudsen Foundation ($321k), CG Jung Institute of New York Inc ($321k) and Lake Brantley Rowing Association Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $159k. At year end it held assets of $2.5m against liabilities of $17k, net assets of $2.4m. It reported 10 employees.