Friends of the Brainerd Public Library Inc

Analysis

Friends of the Brainerd Public Library Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in August 2014, 12 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 Brainerd Public Library Inc reported income of $59k and spending of $57k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $59k (+10%), an average of +10% a year. Over the whole period it spent 67% 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 Brainerd Public Library Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within MN. Charities of a similar size with the same main cause include Lyme Wny ($59k), South Side High School Foundation ($60k) and District 5 Foundation for Educational Excellence ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $96k against liabilities of $5,600, net assets of $90k.