Friends of the Grace a Dow Memorial Library Inc

Analysis

Friends of the Grace a Dow Memorial Library Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Friends of the Grace a Dow Memorial Library Inc reported income of $79k and spending of $66k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $79k (+38%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Grace a Dow Memorial Library Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include South Austin Hospital Auxiliary Gift Shop ($79k), Narsad Research Institute Inc ($79k) and Thinking Beyond ($78k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $256k against liabilities of $41k, net assets of $214k.