Friends of the Public Library Inc

Analysis

Friends of the Public Library Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the Public Library Inc reported income of $69k and spending of $56k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $81k to $69k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 109% 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 Public Library 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 27th percentile, and in the 25th percentile within MO. Charities of a similar size with the same main cause include Lincoln Crossing Elementary Schoolparent Teacher Club ($69k), Lee Rebels Volleyball Boosters Club ($69k) and Hope Learning Academy Foundation ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.