Friends of National Library of Medicine

Analysis

Friends of National Library of Medicine is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in November 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 National Library of Medicine reported income of $150k and spending of $151k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $150k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of National Library of Medicine sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Kings Town Elementary PTO ($150k), Instituto El Rey Inc ($150k) and Lake Highlands Area Choir Booster Club Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $83k against liabilities of $6,301, net assets of $77k.