Friends of the Porter Public Library

Analysis

Friends of the Porter Public Library is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Porter Public Library reported income of $76k and spending of $26k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $76k (-13%), an average of -13% a year. Over the whole period it spent 102% 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 Porter Public Library sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include PTA Pennsylvania Congress ($76k), The Tanzania Wildlife Fund Inc ($76k) and Rotary Club of Rochester Foundation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.7% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.