Friends of the Ann Arbor Public Library

Analysis

Friends of the Ann Arbor Public Library is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in November 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Ann Arbor Public Library reported income of $165k and spending of $118k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $163k to $165k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 169%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Ann Arbor Public Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Oklahoma Well Log Library Inc ($165k), Benevolent & Protective Order of Elks of the USA ($165k) and Kollel Beer Miriam Inc ($165k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $42k. At year end it held assets of $192k against liabilities of $1,380, net assets of $191k. It reported 1 employees.