Friends of Jefferson-Madison Regional Library Inc

Analysis

Friends of Jefferson-Madison Regional Library Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in November 1972, 54 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 June 2024, Friends of Jefferson-Madison Regional Library Inc reported income of $234k and spending of $185k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $266k to $234k (-12%), an average of -2.5% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Jefferson-Madison Regional Library Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Journalism and Women Symposium ($234k), Woodford County High School Athletics Boosters Club Inc ($234k) and Friends of Reston Regional Library Inc ($234k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% of the total. At year end it held assets of $3.0m against liabilities of $5,340, net assets of $3.0m. It reported 2 employees.