Friends of the Rehoboth Beach Public Library Inc

Analysis

Friends of the Rehoboth Beach Public Library Inc is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Rehoboth Beach Public Library Inc reported income of $53k and spending of $53k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $74k to $53k (-28%), an average of -28% a year. The sharpest change came in the year to June 2024, when income dropped by 28%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Rehoboth Beach Public Library Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within DE. Charities of a similar size with the same main cause include Donna M Crandall Foundation Inc ($53k), Bikers for Ta-Tas ($53k) and Fort Cherry Education Foundation ($53k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 77% of the total. At year end it held assets of $72k against liabilities of $269, net assets of $72k.