Friends Foundation of the Cecil County Public Library Inc

Analysis

Friends Foundation of the Cecil County Public Library Inc is a registered charity in United States, based in North East, MD. It received its IRS tax-exemption ruling in July 1958, 68 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends Foundation of the Cecil County Public Library Inc reported income of $147k and spending of $186k, spending 127% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $211k to $147k (-30%), an average of -7.0% a year. The sharpest change came in the year to June 2020, when income rose by 250%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Foundation of the Cecil County Public Library Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Pittsburgh Education Recruitment Consortium ($147k), Indiana Citizen Education Foundation Inc ($147k) and Delek Childrens Foundation ($147k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $664k against liabilities of $4,795, net assets of $659k.