Friends of Williamsburg Regional Library Foundation

Analysis

Friends of Williamsburg Regional Library Foundation is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Friends of Williamsburg Regional Library Foundation reported income of $419k and spending of $364k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $514k to $419k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Williamsburg Regional Library Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Brinkman Charitable TR ($419k), Demarest PTO Inc ($419k) and Impact100 Philadelphia Inc ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 28% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.