Friends of the Escanaba Public Library

Analysis

Friends of the Escanaba Public Library is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in October 1989, 37 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 Escanaba Public Library reported income of $54k and spending of $46k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $118k to $54k (-55%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 36%. Over the whole period it spent 48% 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 Escanaba Public Library 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 20th percentile within MI. Charities of a similar size with the same main cause include Women Military Aviators Inc ($54k), Heart of America Tax Institute ($54k) and PTA New York Congress ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $687k against liabilities of $0, net assets of $687k.