Friends of the Arlington County Library

Analysis

Friends of the Arlington County Library is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in November 1986, 40 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 2023, Friends of the Arlington County Library reported income of $192k and spending of $576k, spending 300% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $446k to $192k (-57%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 250%. Over the whole period it spent 104% 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 Arlington County Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Co Alas ($192k), Henry Mitchell Elementary Foundation Inc ($192k) and Wolcott Foundation Inc ($192k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $2.1m against liabilities of $57k, net assets of $2.1m.