Friends of the University of Delaware Library

Analysis

Friends of the University of Delaware Library is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in July 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the University of Delaware Library reported income of $98k and spending of $220k, spending 224% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $100k to $98k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 173% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the University of Delaware Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within DE. Charities of a similar size with the same main cause include Hollywood Hill Elementary PTA Northshore Ptsa Council 6 10 17 ($98k), Jfact Fund Inc ($98k) and Parent Booster USA Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 19% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.