Friends of the Winterset Public Library

Analysis

Friends of the Winterset Public Library is a registered charity in United States, based in Winterset, IA. It received its IRS tax-exemption ruling in April 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Winterset Public Library reported income of $58k and spending of $69k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $87k to $58k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2022, when income rose by 137%. Over the whole period it spent 69% 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 Winterset 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 23rd percentile, and in the 20th percentile within IA. Charities of a similar size with the same main cause include Schaumburg High School Very Intersted Parents Club ($58k), Highland Historical Society ($58k) and Society of Saint Vincent de Paul St Maximilian Kolbe Conference ($58k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.4% and program service revenue 6.4% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.