Friends of the Highland Park Public Library Inc

Analysis

Friends of the Highland Park Public Library Inc is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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 December 2023, Friends of the Highland Park Public Library Inc reported income of $54k and spending of $31k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $54k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 90% 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 Highland Park Public Library Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Wa Sung Charity Fund ($54k), PTA Florida Congress ($54k) and Southern Christian Mission Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 31% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.