Friends of the Grosse Pointe Public Library

Analysis

Friends of the Grosse Pointe Public Library is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in August 1949, 77 years ago. 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 2023, Friends of the Grosse Pointe Public Library reported income of $84k and spending of $67k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $96k to $84k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income rose by 216%. Over the whole period it spent 105% 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 Grosse Pointe Public 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 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($84k), World of Learning Academy Inc ($84k) and Duncanville Volunteer Fire Department Inc ($84k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 13% of the total. At year end it held assets of $814k against liabilities of $51, net assets of $814k.