Friends of the Cambridge Public Library Inc

Analysis

Friends of the Cambridge Public Library Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 2015, 11 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 June 2024, Friends of the Cambridge Public Library Inc reported income of $102k and spending of $81k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $72k to $102k (+42%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 84% 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 Cambridge Public Library Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include The Austin School for the Performin G & Visual Arts ($102k), Loomis Grammar School Parent Teacher Club Inc ($102k) and Hubbard School Band Sponsors ($102k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 117% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.