Friends of the North Shore Library Inc

Analysis

Friends of the North Shore Library Inc is a registered charity in United States, based in Bayside, WI. It received its IRS tax-exemption ruling in October 1981, 45 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 May 2024, Friends of the North Shore Library Inc reported income of $222k and spending of $237k, spending 107% of what it took in. Across the 4 years on record, from May 2021 to May 2024, income grew from $52k to $222k (+324%), an average of +62% a year. The sharpest change came in the year to May 2024, when income rose by 282%. Over the whole period it spent 279% 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 North Shore Library Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within WI. Charities of a similar size with the same main cause include Program of Research and Evaluation for Public Schools Inc Preps Inc ($222k), District Council 13 Inc Dba Union Park District Council ($222k) and International Dzogchen Community at Tsegyalgar East ($222k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. At year end it held assets of $348k against liabilities of $0, net assets of $348k.