Friends of the Chatham Area Library District

Analysis

Friends of the Chatham Area Library District is a registered charity in United States, based in Chatham, IL. It received its IRS tax-exemption ruling in August 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 June 2024, Friends of the Chatham Area Library District reported income of $178k and spending of $50k, leaving 72% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $178k (+158%), an average of +158% a year. The sharpest change came in the year to June 2024, when income rose by 158%. Over the whole period it spent 37% 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 Chatham Area Library District sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Kol Israel Foundation Inc ($178k), PTA Oregon Congress ($178k) and Race Swami ($178k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.