Friends of Appleton Library Incorporated

Analysis

Friends of Appleton Library Incorporated is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Appleton Library Incorporated reported income of $6.9m and spending of $260k, leaving 96% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $6.9m (+4268%), an average of +157% a year. The sharpest change came in the year to June 2023, when income rose by 1108%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Appleton Library Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Citrus Springs Charter School ($6.8m), Carl C Icahn Charter School ($6.9m) and Warrior-Scholar Project Foundation ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $65k (25% of expenses). Other salaries and wages came to $20k. It paid $69k in professional fundraising fees. At year end it held assets of $9.0m against liabilities of $14k, net assets of $9.0m. It reported 4 employees.