Friends of the Tippecanoe County Public Library Inc

Analysis

Friends of the Tippecanoe County Public Library Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in May 1992, 34 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 Tippecanoe County Public Library Inc reported income of $62k and spending of $43k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $96k to $62k (-35%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 56% 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 Tippecanoe County Public Library Inc 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 21st percentile within IN. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($62k), Central Iowa Symphony Association ($62k) and Amateur Athletic Union of the United States ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.