Friends of Massillon Public Library

Analysis

Friends of Massillon Public Library is a registered charity in United States, based in Massillon, OH. It received its IRS tax-exemption ruling in October 1984, 42 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 December 2023, Friends of Massillon Public Library reported income of $112k and spending of $21k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $112k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Massillon Public Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Emerald Society Pipes & Drums Inc ($112k), Road Runners Club of America ($112k) and PTA California Congress of Parents Teachers and Students Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.0% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.