Friends of the Moline Public Library

Analysis

Friends of the Moline Public Library is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in October 1990, 36 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 the Moline Public Library reported income of $55k and spending of $83k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $55k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 121% 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 Moline Public Library 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 PTA Oregon Congress ($55k), Ptsa Connecticut Inc ($55k) and West Irondequoit Central School District Foundation ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.