Friends of the Marion Public Library

Analysis

Friends of the Marion Public Library is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in March 1994, 32 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 Marion Public Library reported income of $57k and spending of $48k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $128k to $57k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 395%. Over the whole period it spent 34% 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 Marion Public Library sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Los Angeles County Facilities 2 Inc ($57k), Tenth Mountain Endowment Fund Inc ($57k) and Volunteers of America Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.