Friends of the Fauquier Library

Analysis

Friends of the Fauquier Library is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in June 1991, 35 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 February 2024, Friends of the Fauquier Library reported income of $81k and spending of $62k, leaving 24% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $51k to $81k (+60%), an average of +60% a year. The sharpest change came in the year to February 2024, when income rose by 60%. Over the whole period it spent 92% 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 Fauquier Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Tualatin Hills Barracudas Inc ($81k), Brownsville-Haywood County Senior Center ($81k) and PTA Texas Congress ($81k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 27% and program service revenue 55% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.