Friends of the Skowhegan Free Public Library

Analysis

Friends of the Skowhegan Free Public Library is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Friends of the Skowhegan Free Public Library reported income of $53k and spending of $40k, leaving 24% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income fell from $59k to $53k (-11%), an average of -11% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Skowhegan Free Public Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include Barbara Benson Elementary School P T O ($53k), Usarms Inc ($53k) and Ptsa Connecticut Inc ($53k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. At year end it held assets of $50k against liabilities of $200, net assets of $49k.