Friends of the Erie County Library Inc

Analysis

Friends of the Erie County Library Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in December 1981, 45 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 March 2024, Friends of the Erie County Library Inc reported income of $203k and spending of $115k, leaving 43% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $155k to $203k (+31%), an average of +31% a year. The sharpest change came in the year to March 2024, when income rose by 31%. Over the whole period it spent 61% 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 Erie County Library Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Conference for Food Protection Inc ($203k), Wraparound Shelby ($203k) and Beaver County Cancer and Heart Association Inc ($203k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 23% and program service revenue 1.7% of the total. At year end it held assets of $522k against liabilities of $0, net assets of $522k.