Friends of the Handley Library Inc

Analysis

Friends of the Handley Library Inc is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Friends of the Handley Library Inc reported income of $113k and spending of $98k, spending 87% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $72k to $113k (+58%), an average of +12% a year. The sharpest change came in the year to May 2023, when income rose by 38%. Over the whole period it spent 115% 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 Handley Library Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Winston Salem Sportsmen Club Inc ($113k), Texas Adaptive Aquatics Inc ($113k) and Educate-Trade-Create Corporation ($113k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 15% and program service revenue 69% of the total. Other salaries and wages came to $12k. At year end it held assets of $327k against liabilities of $0, net assets of $327k.