Friends of the Marshalltown Iowa Public Library Inc

Analysis

Friends of the Marshalltown Iowa Public Library Inc is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the Marshalltown Iowa Public Library Inc reported income of $128k and spending of $130k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $128k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Marshalltown Iowa Public Library Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include I V C Band Boosters ($128k), Vibe Show Choir Supporters ($128k) and Humanities Institute ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.