Friends of the Rochester Public Library Inc

Analysis

Friends of the Rochester Public Library Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in August 1982, 44 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 the Rochester Public Library Inc reported income of $173k and spending of $173k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $173k (+7.7%), an average of +7.7% a year. Over the whole period it spent 81% 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 Rochester Public Library Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Greater Organization for Less Fortunate ($173k), Southern Arizona Rescue Association ($173k) and Nevada State Elks Charities Fund ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 0.6% of the total. At year end it held assets of $225k against liabilities of $57k, net assets of $168k.