Friends of Forbes Library Inc

Analysis

Friends of Forbes Library Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in May 2012, 14 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 Forbes Library Inc reported income of $70k and spending of $40k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $64k to $70k (+9.9%), an average of +3.2% a year. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Forbes 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 36th percentile within MA. Charities of a similar size with the same main cause include Choctaw County Library Inc ($70k), Volunteer High School Band Boosters ($70k) and Adopt-A-School Association ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $612k against liabilities of $0, net assets of $612k.