Friends of the Library of the Chathams

Analysis

Friends of the Library of the Chathams is a registered charity in United States, based in Chatham, NJ. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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 Library of the Chathams reported income of $86k and spending of $132k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $86k (-1.8%), an average of -1.8% a year. Over the whole period it spent 105% 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 of the Chathams sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include League of Women Voters of Oakland Inc ($86k), Passaic-Clifton Gemach Inc ($86k) and Worlds Largest Shamrock ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.