Friends of the Bloomfield Township Public Library

Analysis

Friends of the Bloomfield Township Public Library is a registered charity in United States, based in Bloomfld HLS, MI. It received its IRS tax-exemption ruling in July 1967, 59 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 March 2024, Friends of the Bloomfield Township Public Library reported income of $145k and spending of $101k, leaving 31% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $116k to $145k (+26%), an average of +26% a year. The sharpest change came in the year to March 2024, when income rose by 26%. Over the whole period it spent 61% 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 Bloomfield Township Public Library sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Youth Incorporated of Caldwell County ($145k), We Ministries ($145k) and Alliance Francaise de Louisville ($145k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.