Friends of the South Coastal Library Inc

Analysis

Friends of the South Coastal Library Inc is a registered charity in United States, based in Bethany Beach, DE. It received its IRS tax-exemption ruling in November 1988, 38 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 South Coastal Library Inc reported income of $142k and spending of $111k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $142k (+1.0%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 124% 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 South Coastal Library Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 40th percentile within DE. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($142k), Restart Augusta Inc ($142k) and The 470 Franklin Project Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 0.8% of the total. At year end it held assets of $582k against liabilities of $0, net assets of $582k.