Friends of Decorah Public Library Inc

Analysis

Friends of Decorah Public Library Inc is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Friends of Decorah Public Library Inc reported income of $402k and spending of $38k, leaving 90% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $119k to $402k (+239%), an average of +239% a year. The sharpest change came in the year to March 2024, when income rose by 239%. Over the whole period it spent 13% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Decorah Public Library Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Law Enforcement Chaplaincy ($402k), Pregnancy Support Group of Woodland Inc Crisis Pregnancy Hotline ($402k) and Welstores of Minnesota Inc ($402k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. At year end it held assets of $836k against liabilities of $0, net assets of $836k.