Friends of the St Marys County Library Inc

Analysis

Friends of the St Marys County Library Inc is a registered charity in United States, based in Leonardtown, MD. It received its IRS tax-exemption ruling in October 2016, 10 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 the St Marys County Library Inc reported income of $105k and spending of $134k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $105k (+4.8%), an average of +4.8% a year. Over the whole period it spent 120% 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 St Marys County Library Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Seeeds ($105k), PTA Texas Congress ($105k) and Eau Claire Chamber Educational Foundation Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.