Friends of the County of Henrico Public Library

Analysis

Friends of the County of Henrico Public Library is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 June 2023, Friends of the County of Henrico Public Library reported income of $151k and spending of $133k, spending 88% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $75k to $151k (+102%), an average of +102% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the County of Henrico Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Mississinewa Battlefield Society ($151k), PTA California Congress of Parents Teachers & Students Inc ($151k) and Memorial Healthcare Foundation Inc ($151k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $388k against liabilities of $0, net assets of $388k.