Friends of the Hillsboro Public Library

Analysis

Friends of the Hillsboro Public Library is a registered charity in United States, based in Hillsboro, OR. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2024, Friends of the Hillsboro Public Library reported income of $280k and spending of $226k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $141k to $280k (+98%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 91% 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 Hillsboro Public Library sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OR. Charities of a similar size with the same main cause include Community Developers of Granite Quarry Inc ($280k), Fund for North Bennington Inc ($280k) and Chagrin Valley Recreation Cen ($280k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 20% of the total. It paid $4,105 in professional fundraising fees. At year end it held assets of $293k against liabilities of $5,224, net assets of $288k. It reported 1 employees.