Bainbridge Island Friends of the Library

Analysis

Bainbridge Island Friends of the Library is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Bainbridge Island Friends of the Library reported income of $108k and spending of $114k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $108k (-4.6%), an average of -4.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bainbridge Island Friends of the Library sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include R D Henton Evangelistic Foundation ($108k), PTA Texas Congress ($108k) and Central Park Performing Arts Foundation ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,533 against liabilities of $0, net assets of $4,533.