The Friends of the Middleton Public Library

Analysis

The Friends of the Middleton Public Library is a registered charity in United States, based in Middleton, WI. It received its IRS tax-exemption ruling in April 1984, 42 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, The Friends of the Middleton Public Library reported income of $51k and spending of $29k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $51k (+170%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 170%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the Middleton Public Library sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Little League Baseball Inc ($51k), Danielson Veterans Coffeehouse Inc ($51k) and Southern CC Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 1.4% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.