Friends of the Sparta Free Library

Analysis

Friends of the Sparta Free Library is a registered charity in United States, based in Sparta, WI. It received its IRS tax-exemption ruling in July 2013, 13 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 Sparta Free Library reported income of $199k and spending of $105k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $199k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 409%. Over the whole period it spent 15% 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 Sparta Free Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Woodstock Area Rotary Charitable Fund Inc ($199k), Ann Arbor Pioneer Booster Club ($199k) and True North Academy ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.