The Friends of the Benzie Shors District Library

Analysis

The Friends of the Benzie Shors District Library is a registered charity in United States, based in Frankfort, MI. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Friends of the Benzie Shors District Library reported income of $53k and spending of $39k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $53k (-89%), an average of -42% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friends of the Benzie Shors District Library sits at the 23rd percentile: it is larger than about 23% 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 Lagrange Frink Alumni and Friends Association ($53k), Friends of Tigard Football ($53k) and Wilkes-Barre Branch of the Pennsylvania Association for the ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.