Friends of Hedberg Public Library

Analysis

Friends of Hedberg Public Library is a registered charity in United States, based in Janesville, WI. It received its IRS tax-exemption ruling in May 1978, 48 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 December 2023, Friends of Hedberg Public Library reported income of $102k and spending of $104k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $102k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Hedberg Public Library sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include Lubbock Faith Center Inc ($102k), Amateur Astronomers Association ($102k) and Breakfast Club Kids ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.