Friends of the Palatine Public Library Inc

Analysis

Friends of the Palatine Public Library Inc is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in August 1982, 44 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 May 2024, Friends of the Palatine Public Library Inc reported income of $56k and spending of $38k, leaving 32% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income fell from $57k to $56k (-2.0%), an average of -2.0% a year. Over the whole period it spent 65% 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 Palatine Public Library Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Little League Baseball Inc ($56k), Energy and Resource Advocates ($56k) and PTA California Congress of Parents Teachers & Students Inc ($56k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 5.8% and program service revenue 2.0% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.