Friends Memorial Public Library Inc

Analysis

Friends Memorial Public Library Inc is a registered charity in United States, based in Kane, PA. It received its IRS tax-exemption ruling in October 1985, 41 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 Memorial Public Library Inc reported income of $86k and spending of $69k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $86k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Memorial Public Library Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include The Ivy Foundation ($86k), Wehr Distinguished Professorships Trust ($86k) and Cuyahoga Falls Oktoberfest Golf Charities ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 11% of the total. At year end it held assets of $192k against liabilities of $639, net assets of $191k.