Friends of Cleveland HTS University HTS Public Library

Analysis

Friends of Cleveland HTS University HTS Public Library is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in January 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of Cleveland HTS University HTS Public Library reported income of $62k and spending of $85k, spending 137% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $47k to $62k (+33%), an average of +33% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Cleveland HTS University HTS Public Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Wayne Westland Foundation for Theimprovement of Instruction ($62k), Electronic Educational Programs Inc ($62k) and 100 Club of Brazoria County ($62k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 9.9% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.