Friends of the Library Society of Springfield Greene County

Analysis

Friends of the Library Society of Springfield Greene County is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in November 1984, 42 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 June 2024, Friends of the Library Society of Springfield Greene County reported income of $408k and spending of $338k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $155k to $408k (+163%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 70% 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 Library Society of Springfield Greene County 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 65th percentile within MO. Charities of a similar size with the same main cause include Heart to Heart Pregnancy Center ($408k), L H Foundation Inc ($408k) and Virginia Henry Charitable Trust 0403231952 ($408k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $799k against liabilities of $0, net assets of $799k.