Friends of Les Cheneaux Community Library

Analysis

Friends of Les Cheneaux Community Library is a registered charity in United States, based in Hessel, MI. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, Friends of Les Cheneaux Community Library reported income of $74k and spending of $102k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $126k to $74k (-41%), an average of -16% a year. The sharpest change came in the year to June 2021, when income rose by 200%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Les Cheneaux Community Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Ua Local 486-Bernard J Vondersmith Memorial Scholarship Fund ($74k), Earl and Carolyn Glenn Foundation Inc ($74k) and Strawberry Mansion Learning Center ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 69% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.