Friends of the Lewes Public Library Inc

Analysis

Friends of the Lewes Public Library Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in December 1982, 44 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 June 2024, Friends of the Lewes Public Library Inc reported income of $118k and spending of $98k, spending 83% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $150k to $118k (-21%), an average of -21% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 61% 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 Lewes Public Library Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within DE. Charities of a similar size with the same main cause include The Western Pennsylvania Golf Association Scholarship Trust Fund ($118k), Christian Counseling Services Inc ($118k) and Assistance League of Stockton Inc ($118k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 7.3% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.