Forsyth Library Friends Inc

Analysis

Forsyth Library Friends Inc is a registered charity in United States, based in Forsyth, MO. It received its IRS tax-exemption ruling in July 1983, 43 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 August 2022, Forsyth Library Friends Inc reported income of $70k and spending of $76k, spending 108% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income grew from $47k to $70k (+49%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 52%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forsyth Library Friends Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MO. Charities of a similar size with the same main cause include Maquoketa Valley Athletic Boosters ($70k), Amherst Japanese Language School Inc ($70k) and Smyrna High School Band Boosters ($70k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Other salaries and wages came to $29k. At year end it held assets of $243k against liabilities of $0, net assets of $243k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.