Friends of the L E Phillips Memorial Public Library Inc

Analysis

Friends of the L E Phillips Memorial Public Library Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in November 1989, 37 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 June 2024, Friends of the L E Phillips Memorial Public Library Inc reported income of $112k and spending of $113k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $112k (-0.7%), an average of -0.7% a year. Over the whole period it spent 101% 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 L E Phillips Memorial Public Library Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Hammond Housing Development Fund Company Inc ($112k), Road Runners Club of America ($112k) and Revere Band Parents Association ($112k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.