Friends of the Burlington Public Library

Analysis

Friends of the Burlington Public Library is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending April 2024, Friends of the Burlington Public Library reported income of $55k and spending of $29k, leaving 47% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $41k to $55k (+35%), an average of +36% a year. The sharpest change came in the year to April 2024, when income rose by 35%. Over the whole period it spent 67% 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 Burlington Public Library sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Alabama Power Service Organization Inc ($55k), PTA Oregon Congress ($55k) and PTA Florida Congress ($55k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 39% and program service revenue 50% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.